《大行报告》汇丰研究上调部份物管股目标价 首选雅生活服务(03319.HK)及碧桂园服务(06098.HK)
汇丰研究发表报告指,内地物管股基本面表现强劲,是众多行业中盈利能力较强的板块,认为随着更多内房发展商分拆物业管理业务上市,以及中小型物管商来港挂牌,可带动新一轮股价抽升。
报告指出,物管股不似内房股,未有每月销售数据刺激股价,但板块股价已由3月低位累升40%,认为主要是受企业股权并购活动频繁所带动。该行表示,行内4家大型上市物管商均於去年下半年上市,板块股价随後两个月平均升28%,跑赢恒生指数29%。近日挂牌的建业新生活(09983.HK)表现亦向好,期待世茂(00813.HK)、华润置地(01109.HK)及合景泰富(01813.HK)即将分拆的物业管理业务。
汇丰研究看好雅生活服务(03319.HK)及碧桂园服务(06098.HK),虽然近期表现强势,但仍较保利物业(06049.HK)及永升生活服务(01995.HK)等估值较低,将雅生活目标价上调至54.6元,碧桂园服务目标价升至43元,均予「买入」评级。
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