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GREENTOWN SER: ANNUAL REPORT 2024
Why Investors Shouldn't Be Surprised By Greentown Service Group Co. Ltd.'s (HKG:2869) P/E
[Brokerage Focus] CITIC SEC expects that the Property Service industry will encounter three major opportunities in 2025.
Jinguo Financial News | CITIC SEC believes that the Property Service Industry will迎来three major opportunities in 2025. First, the price mechanism is gradually being rationalized, pushing for a policy turning point that promotes quality services at competitive prices. It is expected that the current difficulties in collections may ease, and companies providing good services for quality properties will be more encouraged by policies; secondly, a turning point in enterprise operation quality. The bank expects that by 2025, the performance contribution of cyclical businesses (serving developers) to the Sector will drop to nearly zero, with the accrual of goodwill and receivables impairment peaking, leading to an expected performance growth rate of 9.7% in the Sector, with sustainable profitability expected to improve significantly; finally, companies will continue to increase Cash.
CICC: It is recommended to pay attention to the structural opportunities in diverse Sectors. Continue to recommend GREENTOWN SER (02869).
CITIC Securities suggests focusing on structural opportunities that have advantages in their fundamentals, continuing to recommend operations that are in an improvement cycle, with growth performance in the next 1-2 years leading the CSI Leading Industry Index.
CITIC SEC: Quality and price matching may become a direction encouraged by policy. The property Sector has significant upward elasticity in the future.
The bank suggests that investors pay attention to the policy turning point in the Property Service Sector.
We Think Greentown Service Group's (HKG:2869) Robust Earnings Are Conservative
Market Participants Recognise Greentown Service Group Co. Ltd.'s (HKG:2869) Earnings
