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板塊異動 | 物業股暴力反彈,合景悠活漲超9%,寶龍商業漲超10%

uSMART盈立智投11月5日消息,週四港股漲勢大好,物業板塊暴力反彈,截至15:08分,寶龍商業漲超10%,合景悠活漲超9%,新城悅服務、時代鄰裏漲超8%,永升生活服務漲超7%,第一服務、保利物業漲超6%,佳兆業美好、金融街物業、卓越商企服務漲超5%。

興業證券近期發佈研報稱,物業管理行業的行業屬性,即存量+增量的發展模式、無重大資本開支、淨現金的財務狀況、穩定的派息分紅,決定了行業的估值下限。而物管公司的管理服務水平,物業的質量以及業績增長的潛力和確定性決定了估值的上限。截止目前港股物管板塊平均估值對應2020/2021年26.9/19.0XPE。物業管理行業受益於4大規模紅利,板塊正處於從1到N的快速拓展期,而增值服務正經歷從0到1的拓荒期。

物管公司經營穩健,現金流健康,不受行業週期性波動影響。行業首選永升生活服務、寶龍商業、中海物業、碧桂園服務、綠城服務,推薦關注新城悅服務、時代鄰裏、雅生活服務、保利物業。

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