Group 1 - The core viewpoint of the report is that Greentown Service's strong service capabilities enable it to withstand pricing and fee pressures in the mainland property management industry, positioning the company as a long-term beneficiary during market consolidation [1] - Bank of America upgraded Greentown Service's rating from "Neutral" to "Buy" and raised the target price by 20% to HKD 6, citing attractive valuation [1] - The forecasted compound annual growth rate (CAGR) for earnings per share from 2026 to 2028 is expected to reach 10% [1] Group 2 - The company is actively returning value to shareholders through share buybacks and is projected to achieve a dividend yield of 5% to 6% for the years 2025 and 2026, based on a payout ratio of 70% to 75% [1] - Potential real estate stimulus measures may improve investor sentiment towards the property management sector [1]
大行评级丨美银：上调绿城服务目标价至6港元，评级升至“买入”