《大行報告》野村:平安(02318.HK)非國企並已從華夏幸福汲取教訓 不認為有義務接管碧桂園及承擔其債務
中國平安(02318.HK)否認收購碧桂園(02007.HK)的報道,野村發表報告指,平保自2021年起,持續減少房地產相關投資,目前已經全數減持碧桂園股份,根據公司披露資料,其保險資金的投資當中,房地產敞口佔比由2021年底的5.5%,減少至今年9月底的4.5%,在房地產相關投資中,76%屬物業,主要屬租金收入穩定的項目,包括商業、物流、工業園物業等,這些投資帶來租金及派息收入,同時提升資產價值。
野村認為,平保作為非國營企業,沒有義務接管碧桂園及承擔其債務,亦可能沒有誘因去接管,因為已全數減持碧桂園,能夠控制整體房地產敞口,並已從華夏幸福(600340.SH)的投資中汲取教訓。該行維持對平保「買入」評級,目標價62.1元。
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