大和:重申領展(0823.HK)買入評級 目標價84港元
大和發表研究報吿指,領展(0823.HK)早前以32.05億元人民幣收購位於廣州太陽新天地購物中心,為公司於內地的第7次收購項目,相信該交易可增加收益率,重申對其買入評級,目標價續看84港元。
大和表示,領展正在擴大中國業務規模,而是次收購將令領展在廣州擁有2項經營資產,預計交易將會合適地增加收益率,並料領展有空間去提升該購物中心已出租的租金水平,因有約37%的租約將於今年內到期。同時,預期交易將令領展於中國的投資佔比由14.8%,提高至16.6%,仍符合公司維持在20%內的指引。
該行又指,於是次收購完成後,領展將在3大一線城市中各擁有2項經營資產,而循序漸進的收購將有利鞏固公司在內地一線城市的零售市場地位,並上調2023財年每基金單位分派0.4%。

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