板塊異動 | 物業股表現分化,碧桂園服務漲超5%領漲
uSMART盈立智投12月1日消息,週二港股,物業板塊呈現分化走勢,頭部物業公司出現反彈趨勢,截至14:57分,碧桂園服務漲超5%,融創服務漲超4%,奧園健康、濱江服務漲超3%,雅生活服務微漲,保利物業微跌。
恆大物業今日公佈中籤結果,並將於16:15-18:30進行暗盤交易。
中金:首選碧桂園服務,建議關注優質新上市企業
中金發布研報稱,物業管理板塊在經歷近期估值回調後已重新展現出較高的投資性價比,預計板塊短期內有望整體重拾一定升勢,但中期維度建議高度關注個股間在規模拓展潛力、賽道佈局、盈利增長確定性等角度所呈現的進一步分化。中長期來看,中金認爲具備規模可持續擴張能力、具備鮮明業務特色、盈利增長兼具速度和質量的頭部公司仍將是投資首選。存量標的中首選碧桂園服務,同時亦建議關注優質新上市企業。
中金表示,近期新股密集上市對板塊造成的短期擾動已基本移除,目前物業股投資性價比相對突出。中金認爲前期板塊估值的快速下行和新股集中上市有密切關係,體現爲在短期內難以準確系統評估新股(參差不齊的)質素的情形下投資者暫趨審慎,部分上市企業存在明顯定價折讓間接拖拽存量公司估值,以及一定的資金分流影響。但考慮到目前新股上市進程已近尾聲,相關股價壓制因素已在很大程度上消化,且目前物業板塊整體估值不高(平均交易於約20倍2021年市盈率(簡單平均),此前在25-30倍),和其他板塊相比協同考慮估值和增速具備明顯優勢,預計短期內板塊整體有望重拾一定升勢。
預計2020年板塊業績保持整體穩健,料有效託舉明年一季度市場表現。
風險
2020年板塊盈利整體表現不及預期,2021年業務發展進度不及預期。
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