汇丰环球研究称，相信粤海投资(00270.HK) 提出实物分派粤海置地(00124.HK) 股份剥离地产业务，将结构性地改善集团现金流，负债率亦将因移除粤海置地带来的沉重债务负担而改善，粤海投资亦重申65%派息比率，料由水处理及供水业务，以及现有物业投资租务收入所支撑。
该行认为，基于预测明年股息率8.2%，该股估值对比同业5%至8%股息率吸引，尤其业务风险已经减低。基于利率环境改变，该行亦预期该股有潜力出现价值重估，回复至2021至2022年的4至6厘股息率。
该行上调对粤海投资目标价，由5元升至7.4元，评级由“持有”上调至“买入”。(fc/k)(港股报价延迟最少十五分钟。沽空资料截至 2024-12-11 16:25。)
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