It is suggested to pay attention to the strategic placement and offline subscription opportunities issued by Huaxia China Communications Construction Company Limited(601800) reit. On March 16, “Huaxia China Communications Construction Company Limited(601800) Expressway closed infrastructure securities investment fund” was approved by Shanghai Stock Exchange. The offline subscription income contribution of the second batch of public REITs is 0.82% (held to 20220325), and the core income is the allocated amount.
REITs market continued its rebound trend this week, led by Shenzhen Yan Tian Port Holdings Co.Ltd(000088) warehousing and logistics REIT (9.38%). This week (2022.3.212022.3.25), the REITs index rose, of which the REITs index rose (4.09%) to close at 131.89 points, the management rights REITs index rose (3.68%) to close at 129.9 points, and the property rights REITs index rose (4.44%) to close at 133.56 points. This week, the average increase was 3.07%, of which red earth innovation Shenzhen Yan Tian Port Holdings Co.Ltd(000088) warehousing logistics REIT (9.38%) led. Relative to the issue price, the average increase was 31.89%. Among them, the rich countries pioneered water REIT (67.47%), Jianxin Beijing Centergate Technologies (Holding) Co.Ltd(000931) Industrial Park REIT (49.13%) and laterite innovation Shenzhen Yan Tian Port Holdings Co.Ltd(000088) warehousing logistics REIT (44.43%), compared with the price rise of the first time three.
Trading activity of REITs decreased this week. The average turnover rate of 11 public offering REITs this week was 2.14%, with an average turnover of 255 million yuan and a turnover of 51 million copies; Last week, the average turnover rate was 2.45%, with an average turnover of 281 million yuan and a turnover of 59 million copies. The weekly turnover of 11 public offering REITs was 1.273 billion yuan, with a trading volume of 255 million copies, compared with the previous week (- 9.39%) and (- 12.86%), and the corresponding historical quantile levels since listing were 31.58% and 31.58% respectively; The weekly turnover rate was 1.36%, corresponding to the historical quantile level of 63.16% since listing.
This week, the REITs of the park’s infrastructure was actively traded. The largest turnover of REITs in the park infrastructure this week was 522 million yuan, down (- 3.42%) from the previous week. The turnover of REITs in ecological and environmental protection, park infrastructure, transportation infrastructure and warehousing and logistics this week were 224 million yuan, 522 million yuan, 258 million yuan and 270 million yuan respectively, up from 1.57%, – 3.42%, – 14.33% and – 21.45% respectively from the previous week. The average daily turnover rates in the range were 3.14%, 2.29%, 1.53% and 2.09% respectively. Since its issuance, the cumulative transaction amount of public offering REITs of park infrastructure, ecological environmental protection, transportation infrastructure and warehousing and logistics has reached 7.259 billion yuan, 3.529 billion yuan, 4.21 billion yuan and 3.474 billion yuan respectively, and the cumulative transaction volume is 1.749 billion, 452 million, 387 million and 837 million copies respectively.
This week, the REITs valuation of ecological environmental protection and warehousing logistics is high, while the valuations of Zhejiang merchants, Shanghai, Hangzhou and Ningbo and Guangzhou Guanghe are relatively low.
Compared with the ABS valuation of CSI, as of March 24, 2022, Zheshang Securities Co.Ltd(601878) Shanghai Hangzhou Ningbo Expressway REIT (REITs valuation 9.81 / ABS valuation 9.5) and Ping An Guangzhou Jiaotou Guanghe Expressway REIT (REITs valuation 13.14 / ABS valuation 14.49) were relatively low.
Risk warning: the future operation of REITs basic assets project is uncertain; The future cash flow calculated in the prospectus may not accurately reflect the actual situation; The progress of raising and issuing was less than expected.
