富瑞:升永升生活服務(1995.HK)目標價至13.69港元 評級買入
富瑞發表研究報告指,永升生活服務(1995.HK)以先舊後新形式配售股份籌集16億港元。儘管預期短期內會有負面的市場反應,但配售的不明朗因素已經消除。此外,該行認為旭輝(0884.HK)強勁的銷售反彈及新土地儲備可歸因於股權增加,進一步提高了永升生活服務中期增長的能見度。富瑞將永升生活服務目標價由10.56港元升至13.69港元,評級維持買入。
富瑞表示,旭輝5月份的銷售顯著回升,超出了該行的預期,其趨勢將持續至下半年,中期而言,該行看到永升規模擴展的能見度提高,加上其併購速度快過預期,該行將2020年至2022年管理的建築面積預測提高2%至10%。
該行又指,永升最近宣佈,旭輝成公司最大股東,並將合併到旭輝的財務中,認為將進一步使兩間公司的利益保持一致,並可能未來有更多的業務合作。因此,該行將其未來三年與物業相關的增值服務收入預測上調2%至6%。由於管理的總建築面積增加等,富瑞亦將永升今年至2022年的盈利預測提高2%至8%。

Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.