[ET Net News Agency, 6 January 2020] Huatai Research initiated coverage on Greentown
Service Group (GTS)(02869) with a "buy" rating and a target price of HK$9.8.
The research house believes that GTS should remain a sector leader (meriting valuation
premium), thanks to its solid property management service quality and well-recognized
brand. Its earnings fluctuations (possible year-on-year decline in 2019 net profit) should
only be short-lived and have been reflected in its current share price.
Huatai believes GTS still has sizable room to lift its overall margins as long as
management's VAS strategy turns more practical. It forecast GTS to maintain stable growth
in GFA under management of 22-26% over 2019-2021, reaching a total scale of 324mn sqm by
2021. (KL)
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02869 GREENTOWN SER
Nominal 
3.320 +0.130 (+4.075%) Research Report
06/01/2020 11:56
{I-bank focus}Huatai starts Greentown Service at HK$9.8
| Remark: | Real time quote last updated: 26/04/2024 15:34 |
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