大行評級|美銀:中國物管股年初至今累計上升逾20% 預期估值修復期已結束
美銀證券發表研究報吿指,中國物管股年初至今股價累計上升逾20%,預期估值修復期已結束。美銀將保利物業的評級從“買入”降至“中性”,中海物業評級從“中性”降至“跑輸大市”,目標價分別升至37港元及5.5港元,預期中海物業今年預測股息回報率僅錄3.6%,屬行業最低;將綠城服務的評級從“跑輸大市”升至“中性”,認為其高端品牌符合市場需求分化的趨勢,目標價從3.8港元上調至5港元。在該行所評級的中國物管股當中,目前只有華潤萬象生活獲“買入”評級,預期該公司盈利維持雙位數增幅,而且派息比率高達100%,股息回報率料達約5%,予目標價44港元。
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