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《大行報告》高盛首予金科服務(09666.HK)「買入」評級 目標價89元
阿思達克 04-22 11:49
高盛發表的研究報告指,估計金科服務(09666.HK)於第三方及社區增值服務方面的擴張,可帶動2021-23年每股盈利年複合增長達33%,而相關增長是建基於公司在高質素物管服務方面具領導地位,而且在第三方項目收購方面亦有往績。估計其管理面積於2021-23年的年複合增長將為38%。

另外該行估計公司2021-23年毛利率及EBIT利潤率將下跌,不過相信仍處優於行業水平,加上在社區增值服務方面積極擴張,料2021-23年收入的年複合增長將為68%,主要受惠社區平台變現等,首予「買入」評級,目標價89元。

該行認為未來公司催化劑包括更詳細的社區增值服務執行策略有機會在第二季公布,相信將為其增長目標及潛在盈利上行提供更大可見性,而公司上市後現金水平充裕,相信併購機會較高。(el/a) ~

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