瑞銀:上調粵投(0270.HK)目標價至17.1港元 評級“中性”
瑞銀髮表報告指,相信粵投(00270.HK)水務業板塊可持續提供穩定增長,主要由於其向香港及廣東省大量出售,及由其他項目(資本回報率約8%)帶動。該行亦料其房地產業務表現續強勁,明年起粵海置地及番禺的發展項目將會成為主要盈利貢獻。升粵投目標價,自16.4港元上調至17.1港元。
惟該行認為有利因素已於現價反映,明年股息率僅得4%,派息比率潛在提升幅度有限,目前已相當於核心盈利約80%,維持“中性”評級。
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