《大行报告》花旗下调新城悦服务(01755.HK)目标价至22元 评级「买入」
花旗发表的研究报告指,新城悦(01755.HK)新的策略计划旨在加强服务质素,扩展其组合及扩张增值服务等,冀带动2019-2022年盈利年复合增长至45%,并期望到2022年管理面积可达2亿平方米,公司已锁定75%的合约面积,在第三方及商场方面亦获支撑。该行维持对公司「买入」评级,微调对其2020-21年的盈利预测後,目标价由24元降至22元。
该行相信去年管理面积增长40%可带动今年物业管理收入方面的增长,而到2020年其管理面积已到9,000万至1亿平方米,另外公司亦增加与第三方合作,并参与非住宅项目等,相信将为管理面积增长铺路,而新项目亦料有稳定的毛利率。而在社区增值服务及智能服务方面,该行料将成增长引擎,并部分抵销开发商服务方面所受的影响,而该行则估计销售中心管理方面的开发商服务收入今年增长仅在10%水平,而受惠用户黏性及互动增加,社区增值服务及智能服务将带动增长。(el/a) ~
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 this article is for reference only. It does not constitute an offer, solicitation, recommendation, opinion or guarantee of any securities, financial products or instruments.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.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance.