【花旗：上调长实集团目标价至35.5港元 维持“中性”评级】金十数据3月21日讯，花旗发表研报提及，长实集团(01113.HK)因应宏观及利率展望，打算恢复净现金状态，并定位为资产庞大的多行业及跨国企业集团，同时寻求已发展地区长期合约的年金型投资机会，但不会通过增加杠杆进行投资。该行对长实稳健的财务状况表示赞赏，并指其利润主要来自经常性业务及多元化来源。然而，投资者可能认为长实对股东的回报较难预测且吸引力较低，因集团自2024年下半年起停止股份回购，至于每股股息亦随每股盈利下降。花旗预计，长实2025财年盈利将因发展物业利润率压力而受影响，尽管预订量增加，但租金及基建业务具韧性，预计会增长温和1%至3%。该行维持对长实的“中性”评级，目标价由33.5港元上调至35.5港元。
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