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《大行》里昂升碧桂園服務(06098.HK)目標價至7.1元 維持「持有」評級
里昂研究報告指,碧桂園服務(06098.HK)上半年盈利下跌,反映行業基本面仍具挑戰。然而,集團宣佈派息比率由去年的32.6%提高至今年全年的60%,並推行5億元人民幣股份回購,相信可增加股東回報。 考慮到碧桂園服務有20%股份存放於慈善信託及16.26%股份處於質押狀態,該行認爲楊氏家族持有的股份在未來五年內將處於鎖定狀態,因此控制權變更的可能性較低。 該行將碧桂園服務今明兩年的盈利預測分別上調3.2%及下調5.8%,以反映減值調整,目標價由5.2元上調至7.1元,維持「持有」評級。(ss/sl/j)~
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