研報掘金丨長江證券:維持小商品城“買入”評級,新業務有望打開成長空間
長江證券研報指出,小商品城(600415.SH)獨家運營全球最大的小商品集散市場,近年通過一系列積極舉措從“傳統商業物業經營企業” 成功轉型爲“外貿綜合服務企業”。2024年新老業務共振,驅動主業亮眼增長,分紅率持續提升。2025年,全球數貿中心市場部分計劃10月開業、寫字樓2024年11月開盤即售罄、數字大腦預計2026年4月投用、義烏新一輪國貿改革政策試點有望賦能進口業務提速。中長期而言,新興市場經貿合作的重要性凸顯,公司戰略卡位價值突出,新業務有望打開成長空間。預計公司2025-2027年EPS分別爲0.75、0.95、1.14元,維持“買入”評級。
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