《大行報告》里昂降華潤萬象生活(01209.HK)評級至「沽售」 上調目標價至44.9元
里昂發表報告表示,華潤萬象生活(01209.HK)去年核心利潤低於市場預期10%,但公司管理層樂觀地預期2020至2025年度核心盈利年複合增長率至少40%,主因第三方業務擴展、物業管理和商業運作以及社區增值服務和毛利率所帶動。
該行補充,對華潤萬象生活業務擴張持正面看法,但該股現價相當於2022年度預測市盈率高達48倍,相信公司仍然需要在第三方擴張方面有更多的業績記錄,且國企對該行業的併購持謹慎態度。因此該行將其評級由「跑贏大市」下調至「沽售」,以反映高估值的因素,目標價由44元升至44.9元。
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.