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》大摩上調嘉里建設(00683.HK)目標價至32元 評級「增持」
阿思達克 08-25 11:28
摩根士丹利發表研究報告,指隨著嘉里建設(00683.HK)投資物業組合增長,可帶動恆常股息收益率逾5%。另公司預期年底前將派發每股2.3元特別息,早過該行原先預期。隨著經常性收益持續增加,料長遠而言恆常股息將穩定增長。 該行指出,嘉里建設上半年業績勝該行原先預期,料未來六至七年其經常性純利年均複合增長率可達6%,主要受惠內地八個大型綜合項目。該行料其內地總投資物業樓面面積將增加1,000萬至1,200萬平方呎,較現時轄下800萬平方呎增加超過一倍。 大摩表示,現價計嘉里建設估值較資產淨值(NAV)折讓68%,估算順豐入主嘉里物流交易完成及派發特別息後,負債比率將下降,並低於本港同業平均水平。假設嘉里建設估值較NAV折讓幅度收窄至45%,與同業新地(00016.HK)、新世界(00017.HK)看齊,則其合理值應為每股44元,意味上行空間達70%;予目標價由30元升至32元,評級「增持」。
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