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富瑞:物管股将迎来盈喜期 首选新城悦服务(1755.HK)
格隆汇 07-09 16:25

富瑞发表研究报告指,中国物业管理公司将逐步发盈喜,预计2020上半年的平均收益将同比增长30-40%,其中新城悦服务(1755.HK),碧桂园服务(6098.HK)和永升生活服务(1995.HK)将以40-60%的增速跑赢大市。该行维持新城悦服务为行业唯一的首选股。

富瑞指,相对而言,预计绿城服务(2869.HK)的业绩将疲软,收入增长10%以上,雅生活服务(3319.HK)和中海物业(2669.HK)的收益增长约为30%。

该行续指,随着更多潜在的高质量物管公司进行新股集资,例如世茂服务、合景悠活,融创服务和金科智慧服务等,相信该行业的整体估值将逐渐下降至约本益成长比(PEG)的1倍。因此,该行建议投资者不要追随那些基本面相对较弱或高估值的公司。

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