花旗:升绿城服务(2869.HK)目标价至7.82港元 维持“买入”评级
花旗发表研究报告指,绿城服务(2869.HK)
作为物业服务的先驱,比同业领先两至三年,利润率已正常化,预计其盈利增长将于下半年见底,并于2020年度开始加速。主因受以下因素所推动:物业管理利润率稳健,成熟的平台或资讯科技能抵销平均劳动成本上升;服务分部利润率改善,将代理/教育业务转亏为盈;股权激励计划开支将于2020年度显著减少。
该行将绿城服务2019年至2021年盈利预测分别升0.3%、降1.4%及降4%,以反映近日的总楼面面积规模、增值服务增长组合及稳定的利润率前景。
花旗维持绿城服务评级“
买入
”,目标价由7.8港元升至7.82港元。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.