交银国际的研究报告指，新地(00016.HK) 2025财年的中期业绩维持平稳，中期息每股0.95元，派息率减4.6个百分点至26.3%，惟公司料全年分派比率会维持40%至50%。
该行指，公司物业开发收入上升，但利润率受压；随价格渐趋稳定，以及更多利润丰厚的高级项目即将推出，加上近几个月销售走势有所回升，公司预计未来利润率可保持稳定。另外，公司预计在未来10个月在香港推售6个新项目，总应占建筑面积约为228万平方呎。而租金收入微降，,料自由行放宽将有助香港零售业回稳；写字楼部分压力较大，相信主要受到供应较多影响。
交银国际亦指，鉴于最新的财政预算案调整小单位的印花税以降低置业成本，从而进一步稳定香港房地产市场、公司拥有充足的定位中档市场的可售货源在未来2至3年可供销售，以及更多的投资物业在未来三年落成，可提升租金收入，降低周期性的影响，该行维持对新鸿基的“买入”评级及目标价96.1 元。(vc/a)(港股报价延迟最少十五分钟。沽空资料截至 2025-03-03 12:25。)
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