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大行評級|美銀:下調碧桂園服務目標價至5.5港元 下調今明兩年盈測
格隆匯 03-29 10:54
美銀證券發表報吿指,碧桂園服務去年於新任執行長領導下有兩項新發展。包括更積極進行長期投資,並有計劃於2024年加大投資;構建五種社區增值服務(VAS)的措施,均對公司開發新業務提供推動力。但該行認為開拓新業務仍漫長。該行亦認為碧桂園服務與同業比較,具有更接近客户及最後一哩物流的優勢。然而該行對公司近期的成長前景維持保守態度,並估計公司利潤率將面臨蠶食,再加上公司管理層沒有提高派息的實際時間表。因此美銀證券將公司2024年至2025年各年盈測下調逾15%,並將碧桂園服務的目標價由6.5港元下調至5.5港元,評級“跑輸大市”。
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