汇丰研究:降绿城服务(2869.HK)目标价至8.2港元 评级“买入”
汇丰研究发表报告指,绿城服务(02869.HK)上半年核心盈利按年增2%,若剔除以权益结算的股份支付费用後,核心盈利则按年升25%。由于股票期权计划于2018年5月份已开始实施,故对该支付费用并不感到惊奇,更认为下半年影响属温和。

该行持续看好绿城服务稳定的扩张步伐,而受惠文化及教育服务回升,亦促使园区服务利润率改善,重申评级“买入”,目标价由8.9港元降至8.2港元。但亦指出,该公司主要下行风险包括:地区性扩张大幅放缓、费用增长快於预期及未能维持毛利率。
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