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大行評級|大摩:上調綠城服務目標價至4.45港元 評級“增持”
格隆匯 06-17 13:55

摩根士丹利發表研究報吿,調整對綠城服務的盈利預測,將2024財年的核心利潤預測下調6%,同時上調2025及2026財年核心利潤預測分別1%及3%。相關調整主要基於公司管理團隊執行力較好,並退出部分虧損業務,引領營業利潤率改善勝預期;內地合營公司China CVS 2024財年或出現約1億元的減損,加上2024財年首季出售家居裝飾4S業務所帶來的額外商譽減損。

大摩亦指,綠城服務利潤率好轉,支持新管理團隊達更好的執行力;公司擁有領先同業的第三方擴張能力及良好的業績表現,因而毋須任何併購假設。另外,綠城服務為獨立物業管理公司,因此不需要擔心地產商的流動性問題。

大摩將綠城服務目標價由4.38港元上調至4.45港元,予以“增持”評級。

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