政府昨日(10日)宣布收回新田科技城及三宝树湿地保育公园第一期发展用地，首批将涉及约62公顷。瑞银发表研究报告指，相信此公布将为市场带来正面惊喜。该行提到，恒地(00012.HK) 截至去年12月，在新田科技城持有610万平方呎的农地储备。按最新的收地价每平方呎1,032元计算，估计在最极端的情况下，新田科技城的所有农地储备被收回，恒地可收取高达60亿元的现金。在此情况下，恒地将录得78%的出售利润率，或49亿元的税前溢利。
瑞银表示，由于恒地近期以年利率0.5%发行80亿元可换股债券，而且收回北部都会区农地的速度加快，并预计下半年住宅市场或较为强劲，相信恒地更有能力维持其末期股息。该行认为公司估值具吸引力，重申对该股的“买入”评级，目标价29元。(sl/da)(港股报价延迟最少十五分钟。沽空资料截至 2025-07-10 16:25。)
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