[ET Net News Agency, 24 December 2020] Huatai Research initiated coverage on Jinke
Smart Services Group (JSS) (09666) with a "buy" rating and a target price of HK$66.7.
The research house said JSS has established a strong presence in the sector, especially
in southwestern China. It believes JSS sets the ideal example of quality growth,
considering (1) its highly visible scale growth (GFA under management to reach 304mn sqm
by 2022, backed by both parent company and organic expansion capability); and (2)
satisfactory growth of community value-added services (VAS).
Given the company's already notable size, Huatai views JSS's quality and high growth
trajectory as especially attractive; it forecast JSS to deliver a core net profit CAGR of
64% over 2019-2022, one of the fastest rates among large names. (KL)