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港股異動 | 物管股低開 摩通對其短期表現看法審慎
格隆匯9月20日丨物管股低開,世茂服務(0873.HK)跌約4%,保利物業、恆大物業跌逾3%。大摩日前發研報指,即使物管股上半年業績強勁,內房行業去槓桿及流動性憂慮續壓抑物管股股價表現;該行下調物管股估值基礎,由明年預測平均市盈率29倍降至25倍,撇除保利物業外,相應下調目標價介乎10%至32%,以反映物管股母企合約銷售增長及買地放緩,將影響物管股管轄面積增長展望。摩通亦指,上半年中國物管股業績表現無大驚喜,而自7月底以來,行業股價亦在區間橫行;該行對其短期表現看法審慎,相信至年底甚至明年1月前都是維持區間橫行的表現,全線調降物管股目標價。

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