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高盛:首予ESR(01821.HK)“買入”評級 目標價20.5港元
格隆匯 12-06 11:29

高盛發表研究報告,指以樓面面積及價值計,ESR(01821.HK)是亞太區其中一個最大物流地產平台,相信其競爭優勢在於擁有以亞太區為中心的大型平台,可為租户或資本夥伴提供規模及網絡效應,預料公司2021年的總樓面面積,將較今年6月增長約2倍至2,600萬平方米;以及有可簡化資產負債表並降低發展風險的資金平台,料2021年的外部資產管理規模可增2倍至298億美元,帶動2018至2021年的基金管理收入年複合增長達44%。

該行認為,公司的業務模式令其擁有複合增長,並可利用吸引的回報率進行再投資。高盛首予其“買入”投資評級,目標價20.5港元。

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