share_log

海通证券:予中海物业(02669)“优于大市”评级 合理价值10.29-11.76港元

Haitong Securities: Giving Zhonghai Property (02669) a “superior to the market” rating with a reasonable value of HK$10.29-11.76

Zhitong Finance ·  Oct 27, 2023 09:32

The Zhitong Finance app learned that Haitong Securities released a research report stating that CNOOC Properties (02669) was rated “superior to the market”, and the EPS for 2023 is expected to be HK$0.49 per share. The acquisition had a certain impact on short-term estimates, but it did not affect the company's long-term growth space and state-owned assets background. The reasonable value range is HK$10.29-11.76 per share, and it is believed that the current decline in stock prices will bring subsequent value space.

The bank believes that CNOOC Supervision Company, a subsidiary of CNOOC Construction Industry, has comprehensive professional qualifications, actively transforms and seeks development in the supervisory business, and that the asset-light business is in line with the company's development trend; its performance is remarkable, the resources on hand remain abundant, and the target company's high profit level helps the company's performance. Since the target company's supervision and technical consulting services can complement and integrate with the company's full property consulting and management services, thereby consolidating the company's main business, it is expected that the proposed acquisition will bring collaborative benefits. Through the acquisition, the company engages in and expands the field of urban operation services, including supervision business, and further implements the company's strategic position as a comprehensive operator of urban space.

The translation is provided by third-party software.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment