Morgan Stanley rates CHC as Equal-weight
Following external valuations of 98% of Charter Hall's assets for June 2023 revaluations, Morgan Stanley notes Industrial is robust with a 35bps cap rate expansion having no impact on valuation.However, there may be more asset declines in store for Office, suggest the analysts, who feel the -3.7% devaluation was conservative.
Total Property asset under management (AUM) is expected to be around$72bnat the end of FY23, down from$73bninDecember 2022, and the cap rate uplift across the portfolio was 32bps.
Target price is steady at$14.40. Equal-weight. Industry view: In Line.
Sector: Real Estate.
Target price is$14.40.Current Price is$10.79. Difference:$3.61- (brackets indicate current price is over target). If CHC meets theMorgan Stanleytarget it will return approximately 25% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Ann: Development Showcase, page-2
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Last
$12.47 |
Change
-0.220(1.73%) |
Mkt cap ! $5.898B | |||
| Open | High | Low | Value | Volume |
| $12.49 | $12.62 | $12.40 | $14.13M | 1.131M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4562 | $12.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.48 | 1723 | 1 |
View Market Depth
| Last trade - 16.10pm 11/06/2024 (20 minute delay) ? |
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Last
$12.51 |
Change
-0.220 ( 1.70 %) |
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| Open | High | Low | Volume | ||
| $12.50 | $12.61 | $12.40 | 116215 | ||
| Last updated 15.59pm 11/06/2024 ? | |||||
| CHC (ASX) Chart |