摩根士丹利发表研究报告指,随关联方影响的减少和内房市场的触底,预期内地物业管理行业会在今年回复稳定。面对市场扩张竞争加剧,该行偏好具备强大市场整合能力、盈利增长明朗和具吸引力股东回报的“超额”(alpha)投资机会,偏好华润万象生活(01209.HK) 及绿城服务(02869.HK) 。该行亦提出,更偏好商场经营者,因为在宏观疲软下显出更强的业务韧性,将受益于更好的现金回收和更快的市占率增长,这...
Source Link摩根士丹利发表研究报告指,随关联方影响的减少和内房市场的触底,预期内地物业管理行业会在今年回复稳定。面对市场扩张竞争加剧,该行偏好具备强大市场整合能力、盈利增长明朗和具吸引力股东回报的“超额”(alpha)投资机会,偏好华润万象生活(01209.HK) 及绿城服务(02869.HK) 。该行亦提出,更偏好商场经营者,因为在宏观疲软下显出更强的业务韧性,将受益于更好的现金回收和更快的市占率增长,这...
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