You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行報告》美銀證券:投資者對內地推刺激措施預期增 料內房物管股潛在受惠
美銀證券發表研究報告,鑑於近期中國經濟數據疲弱,市場對內地推出刺激措施的預期升溫,相信內房物管股可潛在受惠。此外,基於物管股的經常性業務性質,料可提供更好的下行保護。 該行認為,對內房行業更好的刺激措施,或並非直接寬鬆房地產政策,反而提高家庭收入可能持續更為有利,預期內房股或對相關政策作出積極反應,料2022至2025年國企與民營物管股的盈利年均複合增長率達19%及8%。 除了潛在政策措施外,該行注意到行業基本面正發生變化,由新項目收購轉向現有項目招標,物管市場有具大的整合潛力,因為排名首十三名的物管公司的市場份額僅26%。當中,該行首選中海物業(02669.HK)、萬物雲(02602.HK)及華潤萬象生活(01209.HK),另認為碧桂園服務(06098.HK)估值低,評級「買入」,但公司尤其是上半年的盈利受壓。 該行另將萬物雲的預測下調5%至7%,目標價由53元降至48元,以反映房地產相關業務板塊的不利因素,但認為公司核心業務增長依然強勁。
Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account