大行评级｜里昂：上调恒隆地产目标价至9.2港元，维持“持有”评级

中金财经02-02

里昂发表研报指，恒隆地产去年度业绩大致符合预期，管理层表明恒隆V3模式对现有旗舰资产采用存量优化的低资本开支扩张模式，配合正进行的去杠杆计划，旨在推动更快速的租金增长。恒隆中国零售物业的租户销售额在2025年下半年录得强劲增长，主要由非奢侈品类别带动。里昂收窄了对其每股资产净值的预期折让幅度，并将目标价从7.7港元上调至9.2港元，以反映租户销售表现正面对固定续租租金潜在增长的支持，维持“持有”...

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