里昂:對內地物管行業看法仍正面 若疫情不持久對行業影響料有限
里昂發表的研究報探討新型冠狀病毒爆發對內地物管行業的影響,參考2003年沙士當時的建築活動及合約銷售等,認為假如武漢肺炎疲情影響時間受控,相關影響料有限,而疫情或對有利線上快速消費品銷售,長遠而言亦可加強住户應同及對科技的應用。該行對行業2020年的看法仍然正面,較傾向選擇雅生活(3319.HK)
、碧桂園服務(6098.HK)
及中海物業(2669.HK)
,重申予雅生活“
買入
”評級,目標價39.8港元。
該行指出部分人或認為武漢肺炎爆發對物管公司而言將減慢樓面規模及影響置業意欲,但該行研究過沙士期間的銷售面積及建築活動之後,發現並不支持相關假設,而農曆年後工程及物業銷售一向較慢亦將助物管公司分散部分的影響。
里昂認為疫情對社區增值服務,特別是物管線上平台的快消品銷售有利,因為住户較少外出,相信他們在抗疫上亦對物管更依賴。
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