大和:上調雅生活(3319.HK)目標價至29.8港元 評級“買入”
大和發表報告表示,雅生活(03319.HK)於9月公佈收購中民物業60%股權,該行上週參觀了5個由中民物業管理的公共建築項目,如中華藝術宮及上海自然博物館等地標建築,認為該等項目展示了中民物業在公共建築管理方面的能力及豐富經驗。雅生活亦目標2020至22年純利年複合增長率高逾30%。
該行補充,基於中民物業在公共建築管理的能力強,以及毛利率有上升潛力,故上調對雅生活由2022年起的毛利率預測(估計收購中民物業的交易於明年完成),因此目標價相應由26.05港元上調至29.8港元,重申“買入”評級。

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