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《大行報告》花旗上調越秀房託(00405.HK)目標價至2元 評級「中性」
阿思達克 03-13 11:28
花旗發表研報指,越秀房託(00405.HK)經營情況料見底回升,預測營運狀況可恢復至疫情前水平,加上不需要再向租戶提供租金優惠,料將推動今年每基金單位分派按年增長10%。 該行預測,越秀房託轄下寫字樓出租率今年將回升至88%至90%水平,酒店則在新推出主題客房帶動下,入住率預期可回到疫情前水平。 花旗指出,越秀房託持續精簡開支,去年成本下降10%,零售物業亦在優化租戶結構,但相信資金成本仍呈上升趨勢,現時約45%的負債水平可能會限制未來來自收購的增長,維持今年7%的預測回報率及「中性」評級,目標價則由1.56元上調至2元,以反映疫情後長期增長前景向好。
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