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三菱地产在Jefferies看来被低估--市场言论
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看来，三菱地产的估值似乎被低估了，因该股市净率处于1.05倍的历史低位，且该公司基本面总体健康.Jefferies表示，这些条件可能会吸引更大的投资者，三菱地产(Mitsubishi Estate)最终可能会根据其长期业务计划启动股票回购。该公司预计，随着零售业开始复苏，该公司将公布强劲的上半年收益。杰弗瑞说：“我们对三菱地产的核心投资组合实力和长期盈利增长能力保持总体良好的印象。”该公司维持1,850日圆的目标价，并对股票进行买入评级，该股下跌2.6%，至1,545日圆。(justina.lee@wsj.com)
(END) Dow Jones Newswires
(完)道琼通讯社
October 27, 2020 23:01 ET (03:01 GMT)
2020年10月27日东部时间23：01(格林尼治标准时间03：01)
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