大行評級|高盛:下調碧桂園服務目標價至5.4港元 維持“中性”評級
高盛的研究報吿指,碧桂園服務上半年業績反映了以下數個關鍵主題,首先是上半年純利及核心盈利分別按年跌39%及32%,整體收入按年持平,大致符合該行預期,而毛利率則按年下跌。另外,業務方面,社區增值服務、增值服務予非業主及商業經營業務為主要的拖累原因,加上現金流令人失望,管理層雖然維持全年管理費收集率為高過100%,惟該行認為較為吃力。最後是管理層正積極計劃回購。
高盛在公司公佈業績後,下調今年至2026年的核心純利平均4%,目標價由6港元降至5.4港元,維持“中性”評級。
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.