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<Research>BofAS Upgrades GREENTOWN SER (02869.HK) to Buy on Expected Resilience Against Sector Pricing Pressure
Recommend 3 Positive 1 Negative 2 |
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BofA Securities issued a research report believing that GREENTOWN SER (02869.HK), with its high-quality service capabilities, will be able to withstand the pricing and fee pressures faced by China's property management industry, positioning the Company as a long-term beneficiary of market consolidation. In addition, potential real estate stimulus measures may also improve investor sentiment towards the property management sector. As a result, the broker upgraded GREENTOWN SER from Neutral to Buy, and lifted its target price by 20% to $6. BofA Securities believed that GREENTOWN SER's current valuation is attractive, with a projected 2026-2028 EPS CAGR of 10%. Meanwhile, the Company is also actively returning capital to shareholders. Other than share repurchases, it offers a dividend payout ratio of 70-75%, leading to a forecasted dividend yield of 5-6% for 2025/ 2026. AASTOCKS Financial News Website: www.aastocks.com |
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