Market Brief

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Author

鄭錦華先生 (John Cheng)
助理經理

畢業於嶺南大學市場學系, 現任職輝立助理經理, 對投資股票、期權經驗豐富。 本人樂意為客戶提供投資分析及買賣策略。歡迎各位來電交流心得。
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華潤萬象生活有限公司 (1209)

Friday, March 25, 2022 Views6157

1209  華潤萬象生活有限公司  CHINA RESOURCES MIXC LIFESTYLE SERVICES LIMITED

 

團業務

集團於2020年12月由華潤置地(01109)分拆於香港聯交所上市,主要提供以下兩項服務:

(1)住宅物業管理服務:主要為住宅物業及公用設施(如體育館、公園及工業園)提供物業管理服務,亦向物業開發商提供增值服務,以及向業主及住戶提供社區增值服務;

(2)商業運營及物業管理服務:主要以「萬象城」及「萬象匯」品牌為購物中心提供商業運營服務(包括開業前管理及運營管理服務)、物業管理及其他服務以及商業分租服務;亦為寫字樓提供物業管理服務以及商業運營服務。

 

業務回顧

2021年上半年度,集團營業額上升28﹒1%至40﹒14億元(人民幣;下同),股東應佔溢利增長1﹒4倍至8﹒06億元。期內業務概況如下:
整體毛利增加71﹒1%至12﹒93億元,毛利率上升8﹒1個百分點至32﹒2%

 

展望未來

由於內地「十四五」規劃積極部署消費升級,未來將需要建設更多豪華商場,華潤萬象作為高端購物中心管理商,憑藉其獨特的輕資產模式,可受惠於此次升級趨勢。展望未來業績能見度高及具高增長性,相信營運效率可不斷提升,有利中長線的股價表現。

 

 

建議買入價: 36.95

目標價: 42.20

止蝕價: 35.00

 

註:本人鄭錦華為證監會持牌人士。截至本評論文章發表日止,本人及/或其有聯繫者並無持有全部提及之証券的所有相關財務權益。

 

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