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大和:綠城服務(2869.HK)獲龍湖(0960.HK)入股屬正面 維持“跑贏大市”評級
格隆匯 12-31 10:48

大和發表的研究報告指,綠城服務(02869.HK)公佈龍湖集團(00960.HK)同意以每股7.7168元向主席收購公司5%權益,作價較前收市價折讓約7.5%,涉資10.76億元,並將在明年6月15日前認購公司的新股,最終將持有公司10%的權益,並可提名一位非執董。

該行認為目前龍湖更似財務投資,而雙方暫未有合作計劃,龍湖對綠城服務長遠業務前景看法樂觀,並喜歡其規模、品牌、管理及服務質素,認為在行業內具領先地位,同時透過發行新股綠城服務可在境外募資,相信可強化其資本基礎,或帶來潛在的離岸併購機會,加強科研能力及發展核心社區服務等,相信亦將有利派息及還債等。

總體而言,該行認為龍湖的投資對綠城服務而言屬正面,雖然雙方未有合作計劃,但該行亦不排除未來在物管業務上互補的可能性,繼續喜歡綠城服務的高端品牌及服務質素等,維持“跑贏大市”評級。

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