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).
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Last
$19.72 |
Change
-0.470(2.33%) |
Mkt cap ! $9.327B | |||
| Open | High | Low | Value | Volume |
| $20.17 | $20.17 | $19.62 | $17.48M | 886.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6973 | $19.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.81 | 1133 | 4 |
View Market Depth
| Last trade - 16.13pm 21/07/2025 (20 minute delay) ? |
| CHC (ASX) Chart |