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港股异动 | 领展(00823)尾盘再跌超3% 香港零售销售放缓 多家大行下调公司目标价

Changes in Hong Kong stocks | Lingzhan (00823) fell more than 3% at the end of the session, Hong Kong retail sales slowed, and many major banks lowered their target prices

Zhitong Finance ·  May 31 03:29

The Zhitong Finance App learned that Lingzhan (00823) fell more than 3% at the end of the session. As of press release, it fell 2.36% to HK$33.15, with a turnover of HK$377 million.

UBS previously published a research report stating that the target price of the lead exhibition was drastically lowered from HK$53.9 to HK$31.5, and the rating was dropped from “buy” to “sell” in one fell swoop. The bank also lowered its forecast for Linz's distribution per fund unit from FY2025 to 2027 by 14% to 31%. The bank predicts that the actual financing costs will rise from the current 3.7% to 4% and 4.3% in FY2025 and 2026, as 35% of its low-cost loans expire within two years. UBS predicts that after peaking in 2022, retail spending in Hong Kong will drop 12% from 2023 to 2027, falling back to the average of 2016 to 2019.

Lyon lowered its earnings forecasts for FY2025 and FY26 by 4.5% and 5.1%, respectively, to reflect the forecast of a slowdown in retail sales in Hong Kong. The target price was slightly reduced from HK$46 to HK$45.7. Citi released a research report saying that considering the challenges still present in the medium-term macro-market environment, the target price was reduced from HK$50 to HK$46.5, and the forecast for the allocation per fund unit for the 2026 fiscal year was lowered by 2.6%. BOC International slightly lowered its distribution forecast for the 2025 and 2026 fiscal years by 1.6% and 2.7%, and the target price was reduced by 2% from HK$48.7 to HK$47.7.

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