大行評級|瑞銀:維持港鐵“沽售”評級 北環線項目消息對股價輕微負面
瑞銀髮表研究報告指,港鐵已與香港特區政府就北環線項目第一部分簽訂協議,第一部分資本支出爲314億港元,包括設計及建造主線的費用。政府將向港鐵批出10塊土地,面積約26公頃,作住宅和商業用途。
基於樓市仍然在消化庫存,該行料港鐵將需時就土地招標,而發展商亦傾向地價分成的模式以減低風險,將延遲現金流。該行料北環線整體成本爲1000億至1300億港元,而第二期項目成本相比起第一期明顯較高。港鐵料將於未來一、兩年透露第二期項目資本支出,目標在2034年前全面完成北環線項目,該行料股價將有輕微負面影響;維持“沽售”評級及目標價21.6港元不變。
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