Takeaways from virtual property conference
■ Ever Sunshine reiterates its guidance for a 90m-100m sq m growth in GFA
under management in FY21F.
■ Despite its terminated acquisition of Zhangtai Service, management is
optimistic of securing M&As to fulfill its GFA growth target for FY21F.
■ Reiterate Add. Our TP is still based on a 0.9x PEG and a 51% CAGR in
FY21-23F EPS.