港股異動 | 福壽園(1448.HK)漲逾6% 料增長強勁 大摩首次叫買
格隆匯9月16日丨福壽園(1448.HK)漲逾6%,有望實現4連漲,暫報8.12港元,總市值186.6億港元。摩根士丹利發表最新報告,首次予福壽園“增持”評級,目標10.8港元。指集團在中國的高成長、低滲透率市場上,是最大私人殯葬服務供應商。該行指,福壽園潛在的併購和大量的土地儲備將推動公司未來2至4年的年複合增速超過20%。大摩表示,集團已宣佈12個併購目標處於協商階段,如果每年完成2至3筆交易,預計2020年至2023年盈利的年複合增長率在22%;如果沒有併購,增速料為15%。該行又指,福壽園已累積230萬平方米的土地儲備。不考慮時間價值的話,估計其土儲能帶來50倍回報。當中,2019年墓地出售均價每平方米3.5868萬元人民幣,而歷史收購成本僅720元人民幣。

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.