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《大行報告》瑞銀:長實集團(01113.HK)全購Civitas具增值作用 估計淨收益率6.4%
阿思達克 05-10 09:58
瑞銀發表報告,指長實集團(01113.HK)擬以4.85億英鎊或每股80便士的價格收購Civitas Social Housing。該行認為,這筆交易具有增值作用,預計淨收益率為6.4%。 該行表示,交易的潛在股息收益率為7.1%,高於集團當前2023財年的5%交易股息收益率,又認為與CPI掛鉤的租金檢討也應該提供較高的經常性收入可見度。然而,鑑於Civitas於2022財年的現金盈利僅達到2,980萬英鎊,佔其2022年整體盈利的不到1.5%,故預計對集團的即時盈利影響不大。 瑞銀予長實「中性」評級,目標價47.9元。
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