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高盛:ESR(1821.HK)購澳洲物流資產體現增長策略 籲買入
格隆匯 04-20 17:40

高盛發表研究報吿指出,ESR(1821.HK)聯屬公司斥資38億澳元收購澳洲物流資產組合,體現了ESR管理層之前提到的增長策略,重申“確信買入評級,目標價33港元。

高盛報吿指出,ESR管理層視亞太區為全球數據中心最具增長潛力的市場,此前集團已宣布在日本大坂中央商務區毗鄰開發超過20億美元的多期數據中心園區。在併購策略方面,ESR相信內地市場持續整合,將為集團帶來併購良機,而今次的澳洲項目,正好與集團的組合相配。

報吿稱,截至去年底,ESR在管資產約300億美元,倘若完成上述兩項新投資,集團備考新增資產將約50億美元。

高盛看好ESR,因為後者將受惠於電子商貿發展的週期性需求增長,而其在管資產亦穩步上升,現有營運模式的現金回收問題不大。

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