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《大行报告》大和升碧桂园服务(06098.HK)目标价至88元 重申「买入」
阿思达克 03-23 12:47
大和发表研究报告指,碧桂园服务(06098.HK)去年纯利升61%至26.9亿元人民币,高於早前盈喜指引及市场预期的25.2亿元人民币。公司全年宣派每股21.87分人民币,按年增长44%。报告视碧桂园服务为行业首选之一,重申「买入」评级,目标价由61.2元升至88元。

报告称,受惠毛利率扩张,碧桂园服务在多个板块强劲增长;公司去年并在城市服务加快扩张。

公司亦宣布收购蓝光嘉宝(02606.HK)逾71%权益,作价54.32亿元人民币,相当於今年预测市盈率10倍。目标2021至2025年间整体收入年均复合增长达50%,2025年收入达1,000亿元人民币,当中物业管理占500亿元人民币,增值服务占300亿元人民币,城市服务占200亿元人民币。

大和上调碧桂园服务今明两年每股盈测11%至23%,反映收购蓝光嘉宝带来收入贡献。

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