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瑞銀:首予保利物業(6049.HK)“買入”評級 目標價68.1港元
格隆匯 01-22 10:39

瑞銀髮表報告指,首次覆蓋研究保利物業(06049.HK),予其“買入”評級,目標價68.1港元,此相當預測明年市盈率36倍,相信公司來自學校及醫院等公共物業管理的增長並未完全在股價上反映。

該行表示,保利物業為有上市中資物管股中以收入計第三大的公司,去年上半年收入達28億元人民幣。而公司有三條業務線,包括物業管理服務、向非業主提供附加值服務,及社區附加值服務,分別佔公司去年上半年收入的64.6%、16.3%及19.1%。

瑞銀預期,保利物業於2019年至2021年主自其母企保利地產(600048.SH)及第三方發展商(撇除公共物業)的在管面積年均複合增長率達23%,而同期來的公共物業收入年均複合增長率則料為74%,期內來自物管業務的收入的年均複合增長率料為34%。

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