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《大行報告》匯豐研究下調ESR(01821.HK)目標價至24元 評級「買入」
阿思達克 02-13 10:45
匯豐研究發表研究報告指,ESR(01821.HK)今年迄今股價表現繼續落後同行,利率上升的環境顯著影響了集團在去年合併ARA平台後的整合和獲利能力,與合併相關的股東不斷採取公司行動,最近一次是發行以集團股票為基礎的可轉換債券,作為海峽貿易的基礎,對集團的基本表現造成不利影響。不過,集團將ARA平台貨幣化是一個關鍵的催化劑。該行又認為,集團是一個對利率敏感及在中國重新開放後的間接受惠者。 該行下調集團2022財年的經調整EBITDA預測9%,並分別降今明兩個財年的預測17%和12%,該行又將ESR目標價由33元下調至24元,維持「買入」評級。
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