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花旗:升時代鄰里(9928.HK)目標價至13.9港元 評級買入
格隆匯 06-30 12:37

花旗發表的研究報告指,時代鄰里(9928.HK)宣佈收購上海科箭物業服務51%股權,造價2.34億港元,認為價格合理,加上有利潤保證等,而上海科箭是全國頭五工業物流項目物管公司,管理面積達1,600萬平方米,涉及217個項目。

該行認為併購將提升公司的服務能力及城市覆蓋,並更有信心公司盈利增長可達70%,花旗對收購看法正面,認為將有協同效應,而且有助提升管理面積及盈利等,因為物流物業管理具入場門檻,而且利潤水平亦理想,與客户關係穩健,同時亦有定期的費用提升,而科箭在東部的發展有助擴大公司的覆蓋。

該行維持時代鄰里為其首選,認為上半年管理面積將勝預期,加上公司有較強的執行力,相信盈利增長可達70%,估計亦會在7月份發盈喜,將其目標價由12.3港元升至13.9港元,評級買入。

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