[ET Net News Agency, 7 January 2020] UOB Kay Hian initiated coverage on A-Living
Service (03319) with a "buy" rating and a target price of HK$32.69.
The research house said the two main shareholders of the company are Agile (03383) and
Greenland Holdings Corp (Shanghai: 600606). Both shareholders have maintained stable sales
growth over the past few years and sizeable upcoming projects, guaranteeing a base of
growth for A-Living's managed area.
Since its initial public offering, the company has acquired six companies. After the
acquisition of China Min Sheng Property last month, the managed area of A-Living will be
the highest in the industry. (KL)