《大行报告》大和下调深圳国际(00152.HK)目标价至16元 评级「买入」
大和发表研究报告指,深圳国际(00152.HK)举行分析员会议,席间管理层指将於2025年,扩大其深圳物流园市占率至50%,并成为大湾区首三大,及中国首五大物流园。
该行指,物流园有高增长潜力,其中深圳正扩大龙华CBD与数码化,公司亦与当地政府签订协议,以达土地转型和升级,管理层对该地标项目有很高期望,预期项目潜在价值较前海项目高一倍。管理层料Meiln项目第三期未能於今年入账,同时预期前海项目一期可於今年完成建设。
该行又指,公司在中国国航货运有10%股权,并与中外运及中铁广州集团合作,在海陆空物流方面布局,三个码头项目将於今年完成。智能和冷冻业务方面,公司收购了市场领先的医疗保健智能仓库供应商,以增强其智能系统集成能力,管理层冀增加管理面积至70万平方米,目标收入达35亿元人民币。
该行调整2020至22年每股盈利预测1-3%,目标价由17.5元降至16元,评级「买入」。
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