《大行報告》瑞信上調ESR(01821.HK)目標價至33.2元 評級「跑贏大市」
瑞信發表報告指,ESR(01821.HK)於1月20日公佈完成收購ARA(亞騰資管),集團資產管理規模將由390億美元大幅增加至1,400億美元。而ESR在新經濟資產管理的龍頭地位亦能強化,其資產管理規模上升51%至590億美元。
該行預期,ESR將利用ARA強大的融資能力來降低負債、減少合作投資比例及降低融資成本。加上更多元化的項目採購渠道,預料集團今明兩年的新經濟資產管理規模將按年分別增長34%及21%。
瑞信將ESR股份目標價由31.9元降至33.2元,評級維持「跑贏大市」,並調低集團去年盈利預測16%,今明兩年則分別調升4%及8%,以反映收購ARA帶來的升值。
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