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》瑞信首予順豐房託(02191.HK)評級「跑贏大市」 目標價5.39元
阿思達克 07-05 10:12
瑞信首予順豐房託(02191.HK)「跑贏大市」評級,目標價5.39元,該行指出順豐物流是順豐控股(002352.SZ)旗下純物流地產業務,有穩定的租戶基礎,而關聯租戶收費亦有每年3%至5%升幅,估計每單位可分配收入(DPU)在2021至2023年可每年增長2.7%。

該行對中港物流地產供求看法正面,相信內地的需求將受惠電商行業快速擴張、第三方物流行業及冷鏈業務,同時香港供應緊張亦會爲租賃增長帶來支撐。該行相信公司定位理想,有望帶來利好分派的收購項目,公司在舉債方面上有25億元的空間,配合順豐的支持,料2022財年可分派收入有機會可提升18%,同時物流行業需求強勁亦可帶動順豐房託資產淨值提升。

瑞信指出,順豐房託2022年預測股息率爲6.4%,高於在新加坡上市、工業房託同業的5.4%,以及香港房託的5.5%,予目標價5.39元,意味2022財年股息率約5.1%。

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