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中金:上調碧桂園服務(6098.HK)目標價至33.5港元 維持“跑贏大市”評級
格隆匯 01-13 16:51

中金髮布報告稱,上調碧桂園服務(6098.HK)目標價3%至33.5港元,意味較現價有18%上升空間,維持“跑贏大市”評級。

該行稱,考慮到碧桂園服務的業務全面發展,上調對其2019至2021年的盈利預測3%,分別至15.5億、20.6億及28.1億元人民幣,即同比增68%、33%及36%。該行預計,集團2019至2021年的管理建築面積同比增逾45%、40%及35%,主要是碧桂園(2007.HK)穩健的支持、第三方項目建築面積儲備,以及收購。

該行預計,社區增值服務業務增長勢頭持續,2019至2021年複合年均增長率預計超過60%,而營運效率有所提高,預計期內銷售及行政開支的增長低於收入增長。另外,估計“三供一業”於2019至2020年穩健發展,2021年可產生盈利。

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