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首程控股:北京平准基金投资华夏凯德商业REIT
Zhi Tong Cai Jing· 2025-09-29 04:17
首程控股(00697)发布公告,近日,集团所属首程基石旗下公司(公司全资附属公司)参与管理的北京平准 基础设施不动产股权投资基金合伙企业(有限合伙)(北京平准基金)投资华夏凯德商业资产封闭式基础设 施证券投资基金(华夏凯德商业REIT)。本次投资有助于进一步丰富消费场景、优化消费环境,推动居民 消费升级并激发消费动能,对发展服务消费、促进经济高质量发展具有积极作用。 集团未来将坚定不移地持续加大在中国核心智能基础设施不动产领域的投资佈局,依托全产业链协同效 应及REITs领域先发优势,与国际领先的REITs管理机构实现协同合作,为基础设施资产相关业务的升 级和提质注入更强动力,并巩固在REITs市场的领先地位。 凯德商用*(CapitaLand Mall Asia Limited)的控股股东和实际控制人为凯德投资有限公司*(CapitaLand Investment,凯德投资),凯德投资为亚洲知名的大型多元化不动产集团—凯德集团*(CapitaLand Group) 旗下公司。凯德投资是立足亚洲、领先全球的不动产资产管理公司,也是亚太地区领先的房地产投资信 托基金管理公司。华夏凯德商业REIT以中国长沙凯德广 ...
WPAY: A Weekly Paying Alternative To YMAX
Seeking Alpha· 2025-09-28 12:32
Core Insights - Current market conditions are highly favorable for income investors, with a wide variety of funds offering weekly distributions [1] - A hybrid investment strategy combining classic dividend growth stocks, Business Development Companies, REITs, and Closed End Funds can enhance investment income while achieving total returns comparable to traditional index funds like the S&P [1] Investment Strategy - The approach focuses on high-quality dividend stocks and assets that provide long-term growth potential, which is essential for generating reliable income [1] - The combination of different asset types allows for a balanced portfolio that captures both income and capital appreciation [1]
警惕日本老路!盛松成:财富大迁移加速,低利率三大领域成新金矿
Sou Hu Cai Jing· 2025-09-27 11:46
前言 在当前低利率环境下,中国居民储蓄正呈现向资本市场转移的明显趋势。 经济学家盛松成指出,这一"财富大迁移"将聚焦于新基建、消费基建及新型城镇化三大领域。 这些与国家战略高度契合的优质资产有望成为新的价值增长点。 从另一个角度看,中国资本市场尚处于成熟过程中,投资者教育、监管体系能否支撑如此大规模的资金 转移仍需观察。 对此,需要辩证分析。一方面,居民储蓄配置多元化确实是金融市场发展的必然趋势。 盛松成指出,与日本被动接受"广场协议"不同,中国坚持汇率稳定政策,且通过财政政策与货币政策协 同防止流动性过度泛滥。 另一方面,当前资金流向集中于国家战略导向的领域,如新基建、消费基建等,这些领域具有明确的政 策支持和现金流保障。 财富转移的逻辑与争议 当前中国居民储蓄向资本市场转移的趋势已引发广泛关注。 央行数据显示,2025年8月居民存款同比少增6000亿元,而非银存款同比多增5500亿元,这一变化被普 遍解读为"存款搬家"的信号。 然而,这种转移是否必然带来积极效果?或许有人会质疑:在资本市场波动加剧的背景下,普通投资者 是否具备足够的风险识别能力? 历史上,日本在低利率环境下曾出现资金大规模涌入股市和房地产 ...
NRO: Underperforms Peers And Has Delivered Poor NAV Growth
Seeking Alpha· 2025-09-26 21:48
Core Insights - The article emphasizes the importance of a hybrid investment strategy that combines classic dividend growth stocks with Business Development Companies, REITs, and Closed End Funds to enhance investment income while achieving total returns comparable to traditional index funds [1]. Investment Strategy - The investment approach focuses on high-quality dividend stocks and assets that provide long-term growth potential, which can significantly contribute to income generation [1]. - A balanced portfolio that includes a mix of growth and income-generating assets can lead to efficient investment income and total returns on par with the S&P 500 [1].
WDI: Solid Fund Being Weighted Down By Higher Interest Rates
Seeking Alpha· 2025-09-26 14:32
Core Viewpoint - The article emphasizes the importance of a hybrid investment strategy that combines classic dividend growth stocks with other asset classes like Business Development Companies, REITs, and Closed End Funds to enhance investment income while achieving total returns comparable to traditional index funds [1]. Investment Strategy - The investment approach focuses on high-quality dividend stocks that provide long-term growth potential and reliable income [1]. - A balanced portfolio that includes a mix of dividend stocks and alternative investments can lead to a more efficient way to boost income [1]. Performance Comparison - The total return from this hybrid investment strategy is reported to be on par with the S&P 500 index, indicating its effectiveness in generating returns [1].
万国数据(GDS):全球AI基建下乘势而起的中国IDC巨头(数据中心系列深度之八)
Shenwan Hongyuan Securities· 2025-09-26 12:01
万国数据-SW 全球 AI 基建下乘势而起的中国 IDC 巨头(数据中心 系列深度之八) 曲☆哥 2025 年 09 月 26 日 报告原因:首次覆盖 ST N (首次评级) | 市场数据: | 2025 年 09 月 25 日 | | --- | --- | | 收盘价 (港币) | 40.96 | | 恒生中国企业指数 | 9444.22 | | 52 周最高/最低(港币) | 48.90/17.00 | | H 股市值(亿港币) | 676.26 | | 流通 H 股 (百万股) | 1,580.10 | | 汇率(人民币/港币) | 1.0937 | -年内股价与基准指数对比走势: 192% 资料来源: Bloomberg 相关研究 证券分析师 李国盛 A0230521080003 ligs@swsresearch.com 林起贤 A0230519060002 lingx@swsresearch.com 联系人 陈力扬 (8621)23297818× chenly@swsresearch.com 申万宏源研究微信服务号 财务数据及盈利预测 | | 2023 | 2024 | 2025E | 2026E ...
万国数据-SW(09698):全球AI基建下乘势而起的中国IDC巨头(数据中心系列深度之八)
Shenwan Hongyuan Securities· 2025-09-26 08:58
Investment Rating - The report initiates coverage with a "Buy" rating for the company [6][7]. Core Views - The company is positioned as a leading player in the Chinese IDC market, benefiting from the growing demand for AI infrastructure and data center services. It has a significant operational capacity and is expanding both domestically and internationally [6][7]. - The company is expected to see revenue growth from 2025 to 2027, with projected revenues of 114.78 billion, 129.92 billion, and 146.34 billion CNY respectively, alongside EBITDA of 52.81 billion, 58.55 billion, and 64.76 billion CNY [6][7]. Summary by Sections 1. Company Overview - The company has transitioned from a focus on customized solutions to a global expansion strategy, establishing a strong presence in key economic regions and overseas markets [6][18]. 2. IDC Industry Leadership - The company is recognized as the leading third-party IDC service provider in China, with a comprehensive service capability and a significant operational footprint of 1,326 MW IT power as of mid-2025 [6][55]. - The demand for computing power is expected to grow, driven by both domestic and international cloud service providers, enhancing the company's market position [6][45]. 3. DayOne Global Strategy - The company is expanding its global footprint through DayOne, focusing on high-demand regions such as Southeast Asia and Europe, with a robust pipeline of projects and customer orders [6][3][7]. 4. Financial Projections and Valuation - The report employs a Sum-of-the-Parts (SOTP) valuation method, estimating a market capitalization of 80.3 billion HKD based on projected EBITDA multiples for its domestic and international segments [6][7]. - The company is expected to maintain a strong EBITDA margin, with significant improvements in revenue growth rates observed in the first half of 2025 [6][37]. 5. Market Dynamics - The IDC market is characterized by a complementary evolution between first-tier cities and emerging nodes, with a focus on low-latency computing needs and localized capabilities [6][45]. - The company is well-positioned to capitalize on the increasing demand for AI-driven computing infrastructure, with a strategic focus on resource allocation in key regions [6][45].
HFRO: Discounted Valuation As A Result Of Underwhelming Performance
Seeking Alpha· 2025-09-24 12:51
Financial analyst by day and a seasoned investor by passion, I've been involved in the world of investing for over 15 years and honed my skills in analyzing lucrative opportunities within the market.I specialize in uncovering high quality dividend stocks and other assets that offer potential for long term-growth that pack a serious punch for bill-paying potential. I use myself as an example that with a solid base of classic dividend growth stocks, sprinkling in some Business Development Companies, REITs, an ...
大悦城:公司近三年及一期经营性净现金流连续为正
Zheng Quan Ri Bao Wang· 2025-09-23 12:48
证券日报网讯大悦城(000031)9月23日发布公告,在公司回答调研者提问时表示,公司2024年成功发 行了成都大悦城商业REIT,实现现金回流16.6亿元,进一步拓宽新发展模式,建立起"投融建管退"平 台。2025年8月末,华夏大悦城商业REIT收盘价5.015元/份,较基准价(基金发行价3.323元/份)涨幅达 50.92%,在同类购物中心项目中涨幅最高。后续公司将积极推进REITs注入新资产实现扩募,释放持有 型资产价值,助力公司高质量发展。利用净回收资金,把握新的投资机会,聚焦价值创造,实现发展转 型,进一步强化"卓越的城市运营与美好生活服务商"战略、巩固大悦城控股在商业地产领域的优势,强 化大悦城控股在商业地产的领导地位,助力公司更好地满足人民日益增长的美好生活需要。公司高度重 视现金流安全,持续优化资金管理体系,确保流动资金高效运作,同时通过精细化现金流预测及预算管 理,平衡资金流动性与风险控制等管控举措。公司近三年及一期经营性净现金流连续为正,分别为 27.10亿元、106.42亿元、66.17亿元、26.87亿元。后续一方面公司将持续做好开源,采取灵活的销售策 略,全力保障住宅开发项目的去化和 ...
BGY: Inconsistent NAV Growth Limits The Appeal
Seeking Alpha· 2025-09-23 05:27
Group 1 - International stocks have shown strong performance in response to President Trump's tariff proposals, as investors seek to hedge against uncertainty in US markets [1] - The article emphasizes the importance of a diversified investment strategy that includes high-quality dividend stocks, Business Development Companies, REITs, and Closed End Funds to enhance investment income while achieving total returns comparable to traditional index funds [1] - A hybrid investment system combining growth and income strategies is highlighted as an effective approach to achieve returns on par with the S&P 500 [1]