You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行報告》匯豐首予世茂服務(00873.HK)「買入」評級 目標價19元
阿思達克 12-07 10:39
匯豐研究發表的報告指,世茂服務(00873.HK)是內地最大的物管公司之一,除了有十大內房之一世茂支持,在併購方面亦有穩健的表現,估計公司2019-22年管理面積的年複合增長可達73%。而公司兩個策略投資者紅杉資本及騰訊(00700.HK)估計將為其增值服務帶來資源及連繫,當中包括是為用戶提供清潔服務、傢俱,並助數碼升級等,相信可令世茂服務在新領域及智慧城市方面有更多優勢。

該行估計公司2019-22年收入年複合增長將達77%,而盈利年複合增長則達75%,主要受惠來自第三方項目及併購的管理面積,另一方面亦受惠增值服務增加等。而公司有大部分收入是來自管理母公司、合營及附屬的物業,該行估計來自第三方項目及併購的管理面積佔比將由2019年的26%升至2022年的73%,並將帶動公司收入增長。而公司在社區增值服務方面佔比亦高於同業,相信對盈利表現有幫助。

另一方面該行認為公司在增值服務方面接觸面較廣,而利潤亦高於行業平均,相信是受惠成本結構有效,首予公司目標價19元,評級「買入」。(el/k) ~

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.
uSMART
Wealth Growth Made Easy
Open Account