智通财经APP获悉，摩根大通发布研报称，维持九龙仓置业(01997)“减持”评级，目标价17港元。该行表示，九置为香港奢侈零售销售的代理股，预计其表现将持续跑输，直至出现复苏迹象。该股目前股息率6厘，在本港收租股中属最低之一，并不特别吸引。
小摩指出，九龙仓置业管理层对至少今年上半年的展望，与中期业绩相比变得更谨慎，因为至今尚未见到租户销售显著复苏。对于租金续租调整，虽然预计今年固定租金保持稳定，但鉴于约20%的占用成本，该行认为存在下行风险。
该行预计，由于零售销售租金减少及办公室续租租金持续下降，纵使有较低的融资成本抵消，今年盈利及每股股息将分别同比跌1.5%及1%。如租金能够回稳，每股盈余及每股股息可能于明年恢复增长。
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