[ET Net News Agency, 23 March 2021] HSBC Global Research lowered its target price for
A-Living Services (03319) to HK$47.6 from HK$54.6 and maintained its "buy" rating.
The research house said A-Living reported solid results for 2020. HSBC believes the
company reached another milestone by hitting total revenue of more than RMB10bn. Moreover,
A-Living announced its recent acquisitions (since September 2020) of five more companies
in city services at reasonable PE multiples of 9.6-10.5x.
HSBC still sees the value of the company as it builds out in public buildings and city
services to secure a first-mover advantage while its stock is trading at a compelling
valuation of 14.7x 2021 PE. (KL)
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03319 A-LIVING
Nominal 
2.770 +0.130 (+4.924%) Research Report
23/03/2021 17:34
{I-bank focus}HSBC cuts A-Living (03319) to HK$47.6
| Remark: | Real time quote last updated: 25/04/2024 18:00 |
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