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《大行報告》匯豐研究上調太古地產(01972.HK)目標價至29.6元 評級「買入」
阿思達克 01-18 10:20
匯豐研究發表報告,指寫字樓需求回升為太古地產(01972.HK)業績帶來增長,受中國內地零售與香港寫字樓市場的復甦,預計其租金表現將繼續改善。該行將太古地產目標價由27.6元至29.6元,重申評級「買入」。 匯豐表示,太古地產在香港寫字樓市場擁有約52%的總資產價值,是香港地產商中最高之一,其在港島東升級和發展優質辦公室的措施已初見成效,吸引租戶並推動更多需求。其持股50%的上海購物中心前灘太古里於去年10月開業,明年應開始貢獻租金收入,其即將推出的寫字樓項目太古坊二座計劃於2022年後期竣工,太古廣場三座對面的新甲級寫字樓預計將於2023年竣工。該行認為,隨著寫字樓市場的復甦,其寫字樓租金表現將繼續改善,認為公司定位良好,因其香港寫字樓組合不斷改善及中國內地租賃組合快速增長。 該行指,太古地產在綠色融資方面做出了有意義的改進。集團通過目標降低能源使用強度和低碳等舉措業務,看到集團可持續發展的承諾,並相信太古是這方面的主要市場參與者。該行認為,這些因素有助於提升太古的投資吸引力,投資者應會逐漸將價值歸因於其在ESG領域上的努力。
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