《大行報告》富瑞下調綠城服務(02869.HK)目標價至6.13元 評級「買入」
富瑞發表報告指,綠城服務(02869.HK)去年利潤按年下降35%,與盈警一致。雖然毛利率疲軟及減值存在隱憂,但該行指目前見到出現轉機的跡象,包括健康的投資組合擴張目標、社區增值服務回升以及管理層計劃今年加強收款。
該行削減2023至2024財年盈利預測,並將目標價由8.65元降至6.13元,以反映利潤率前景疲軟。但仍繼續看好該股,因為它利用品牌效應來維持規模增長,並且在私營物業服務公司中具有相對較強的獨立性。2023財年市盈率預測為17倍,維持評級「買入」。
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