《大行報告》中金削世茂服務(00873.HK)目標價至10元 評級「跑贏行業」
世茂服務(00873.HK)昨晚(13日)公佈以16.5億元人民幣收購同系世茂股份(600823.SH)管理業務及相關增值服務。中金髮表報告,指是次作價相當於交易標的去年市盈率約18倍;另世茂服務今年拓展目標已經完成。公司整體業務處於正常推進狀態。
該行維持世茂服務2021年盈利預測12.8億元人民幣不變,下調2022年盈利預測6%至19.1億元人民幣,主要反映對非業主增值服務及部分資產類增值服務收入更爲審慎的預測。中金認爲短期內出於投資者對企業治理、母公司財務風險等因素的擔憂,股價仍可能承壓。但另一方面,考慮服務平臺自身業務建設仍處積極推進態勢,以及即便只考慮在手合約項目,當前估值水平也已經較低,維持「跑贏行業」評級。下調目標價63%至10元,相當於明年預測市盈率12倍。
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