Mitsubishi Estate Looks Undervalued to Jefferies -- Market Talk
Mitsubishi Estate Looks Undervalued to Jefferies -- Market Talk
(END) Dow Jones Newswires DJ Mitsubishi Estate Looks Undervalued to Jefferies -- Market Talk
DJ三菱地產在Jefferies看來被低估--市場言論
0300 GMT - Mitsubishi Estate seems undervalued to Jefferies, as the stock's price-to-book ratio is at a historic low of 1.05x and the company's fundamentals are generally healthy. These conditions could attract larger investors and Mitsubishi Estate might eventually initiate share buybacks based on its long-term business plan, Jefferies says. It expects the company to report strong 1H earnings as the retail sector starts recovering. "We maintain an overall favorable impression of Mitsubishi Estate's core portfolio strength and its long-term ability to grow earnings," Jefferies says. It keeps a Y1,850 price target and buy rating on shares, which are down 2.6% at Y1,545. (justina.lee@wsj.com)
0300GMT-在Jefferies看來，三菱地產的估值似乎被低估了，因該股市淨率處於1.05倍的歷史低位，且該公司基本面總體健康.Jefferies表示，這些條件可能會吸引更大的投資者，三菱地產(Mitsubishi Estate)最終可能會根據其長期業務計劃啟動股票回購。該公司預計，隨着零售業開始復甦，該公司將公佈強勁的上半年收益。傑弗瑞説：“我們對三菱地產的核心投資組合實力和長期盈利增長能力保持總體良好的印象。”該公司維持1,850日圓的目標價，並對股票進行買入評級，該股下跌2.6%，至1,545日圓。(justina.lee@wsj.com)
(END) Dow Jones Newswires
(完)道瓊通訊社
October 27, 2020 23:01 ET (03:01 GMT)
2020年10月27日東部時間23：01(格林尼治標準時間03：01)
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