You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行報告》大和下調中交建(01800.HK)目標價至6.6元 評級「買入」
阿思達克 06-18 10:36
大和發表研究報告指,中交建(01800.HK)推出首單清西大橋資產支持專項計劃(類REIT),規模約47億元人民幣,為期24年,是內地首隻以營運大橋作為資產的REIT產品。公司會將項目的95%股權注入特殊目的機構(SPV),並以此發行資產抵押證券。而剩餘的5%由公司直接持有。

該行表示,公司計劃繼續整合大橋類資產,以去年底止計,公司有3億元人民幣的經營收入來自大橋,投資資本為27億元人民幣,預期項目的回報率10-15%。而未來5年,有關PPP和BOT項目的經營將達5,000億元人民幣。相信在可以推出更多REIT產品的情況下,公司可以釋放250-500億元人民幣的現金,以償還貸款和再投資。

該行調整中交建2020-22年每股盈利預測分別0.6%、-0.5%、0.1%,以反映最新的情況,目標價由6.8元降至6.6元,評級「買入」。

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account