《大行报告》美银证券下调保利物业(06049.HK)目标价至70.9元 评级「买入」
美银证券发表报告表示,保利物业(06049.HK)去年度业绩大致符预期,惟公司预期未来三年盈利年复合增长率低於30%,则逊预期,拖累公司股价昨日(25日)出现调整。
报告补充,预期保利物业持续录稳健增长,包括来自母公司的支持;於公共物业管理方面有领导地位且拥有国企背景;以及社区增值业务快速增长等因素所带动,因此预料其於2020至2023年盈利年复合增长率为28%,早前预测是33%。
该行认为,保利物业估值吸引,早前股价属过度调整,重申其「买入」评级,但基於将其今明两年每股盈测下调1%至4%,考虑增长前景放缓,目标价由86.2元降18%至70.9元。
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