Core Viewpoint - Greentown Service (02869) reported a significant increase in mid-term net profit by 22.6% year-on-year, with core operating profit rising by 25.3%, exceeding the group's full-year growth guidance of 15% [1] Financial Performance - Revenue increased by 6.1% year-on-year during the period [1] - Core property management business demonstrated resilience with a revenue growth of 10.2%, primarily driven by the expansion of third-party non-residential projects [1] Management and Outlook - The company improved its profit margin through optimizing project management and enhancing operational efficiency [1] - Zhuhai International maintains a "Buy" rating for Greentown Service, raising the target price from HKD 6.13 to HKD 6.61, anticipating that the growth trend observed in the first half of the year will be sustainable [1]
招银国际：维持绿城服务(02869)“买入”评级 目标价升至6.61港元