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《大行報告》摩通下調綠城服務(02869.HK)目標價至5.8元 評級「增持」
阿思達克 03-28 10:43
摩通發表報告指,綠城服務(02869.HK)去年核心淨利潤按年下降24%,主要是由於利潤率受壓和減值撥備,相信市場並不會對此感到意外,因為盈警中已提及,而且上半年核心淨利潤已經按年下降23%。 報告指,由於綠城服務有3.79億平方米的儲備總樓面面積,認為公司收入鎖定能力仍然很強,關鍵在於利潤率是否能夠反彈,若有這方面的更多證據將成為股價關鍵催化劑。該行預測其2022至2025年盈利年複覆合增長率為16%,並將目標價由6.2元降至5.8元,以反映較低的盈利預期,評級「增持」。
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