《大行報告》大和下調綠城服務(02869.HK)目標價至8.55元 評級「跑贏大市」
大和表示,綠城服務(02869.HK)去年淨利潤水平差過預期,但連同特別息在內的63%高派息比率。該行將綠城服務2022-2024年每股盈利預測下調25%-31%,因爲對其營業收入增長和毛利率擴張變得更加保守,重申其「跑贏大市」評級,目標價由13元下調至8.55元。
大和相信,綠城服務在2022-2024年仍將保持25%-30%的年利潤增長,監於其財務穩定的聯營開發商綠城中國(03900.HK)及其長遠採購第三方項目的能力,也看好其防守性。
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