汇丰研究报告指,内地物管股业绩符预期,在增长具挑战及毛利压力下,可观的股息成为亮点。同时现金回笼亦是关注点,且仍有改善空间。该行指,绿城服务(02869.HK) 净利润有改善,以抵销增长放缓;融创服务(01516.HK) 股息稳定,同时反映触底的讯号。
该行将绿城服务今明两年的盈利分别下调13%及15%,认为早前该行太过乐观,其调整过的预测意味今年至2027年的盈利增长会按年12%至14%。至于融创服务,该行下调今明两年的盈利预测分别3%及6%,主要反映利润受压。该行将绿城服务及融创服务的目标价分别由4.1元及1.5元,升至4.3元及1.7元,评级均为“持有”。(vc/k)
(港股报价延迟最少十五分钟。沽空资料截至 2025-03-26 12:25。)
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