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《大行報告》花旗:領展(00823.HK)收購新加坡兩商場物業 可增加收益
阿思達克 12-29 14:22
花旗發表研究報告指,領展(00823.HK)宣布斥21.61億新加坡元收購兩項新加坡零售物業,認為最終落實的交易條款有正面驚喜,包括以收購價計的收益率達4.9%,以及交易規模很大。該行稱,領展正積極留意資本合作夥伴入股部分資產,以進一步降低自身投資規模。 報告補充,領展憑藉在疫情後具彈性的新加坡零售表現和兩年期短租約信托,上述兩項新加坡資產應該會為集團的投資組合帶來可觀增長。領展料完成收購後其資產負債率將升至27.1%,預計將增加可分派收入達7,200萬元,即每單位3.4仙。 領展完成上述新加坡項目收購後,資產地域分佈中香港佔74.4%,內地佔14.5%,其他海外國家佔11.1%,其中新加坡佔5%。由於收購事項,該行將集團今年的每股盈測下調0.2%,並料2023及24年分別增加0.6%。維持其「買入」評級及目標價65.5元。
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