Market Brief

The articles are produced in Chinese only.

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。
Phone:
36533000

中海物業集團有限公司 (2669)

Tuesday, July 5, 2022 Views7348

2669  中海物業集團有限公司  CHINA OVERSEAS PROPERTY HOLDINGS LIMITED

 

團業務

集團於2015年10月由中國海外發展(00688)分拆上市,主要於中國內地、香港及澳門從事物業管理業務(如保安、維修及保養、清潔及綠化、為物業發展商提供交付前服務、協助入伙服務、交付查驗服務及工程服務質量監控與諮詢服務)及提供相關增值服務,包括工程服務(如自動化諮詢、工程產品銷售,及檢查、維修、保養及設備升級改造),以及社區租賃、銷售及其他服務。

 

業務回顧

2021年度,集團營業額上升44﹒3%至94﹒42億元,股東應佔溢利增加40﹒6%至9﹒84億元。年內業務概況如下:

(一)整體毛利增加37﹒3%至16﹒42億元,毛利率則下跌0﹒9個百分點至17﹒4%;
(二)物業管理服務:營業額上升36﹒1%至66﹒11億元,佔總營業額70%,分部溢利增加31﹒5%至8﹒82億元,分部毛利率則下跌1﹒2個百分點至14﹒9%。年內,集團管理中物業之總建築面積增加38﹒9%至2﹒6億平方米

 

展望未來

由於中海系的穩健性,加上其高綫級城市之定位策略,未來銷售之確定性較高,從而帶動中海物業的規模增長。在行業整合的背景下,作為央企頭部地產發展商,中海系的發展更為有利。

 

建議買入價: 8.00

目標價: 10.00

止蝕價: 7.50

 

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。

 

This report is produced and is being distributed in Hong Kong by Phillip Securities Group with the Securities and Futures Commission (“SFC”) licence under Phillip Securities (HK) LTD and/ or Phillip Commodities (HK) LTD (“Phillip”). Information contained herein is based on sources that Phillip believed to be accurate. Phillip does not bear responsibility for any loss occasioned by reliance placed upon the contents hereof. The information is for informative purposes only and is not intended to or create/induce the creation of any binding legal relations. The information provided do not constitute investment advice, solicitation, purchase or sell any investment product(s). Investments are subject to investment risks including possible loss of the principal amount invested. You should refer to your Financial Advisor for investment advice based on your investment experience, financial situation, any of your particular needs and risk preference. For details of different product's risks, please visit the Risk Disclosures Statement on http://www.phillip.com.hk. Phillip (or employees) may have positions/ interests in relevant investment products. Phillip (or one of its affiliates) may from time to time provide services for, or solicit services or other business from, any company mentioned in this report. The above information is owned by Phillip and protected by copyright and intellectual property Laws. It may not be reproduced, distributed or published for any purpose without prior written consent from Phillip.
Top of Page
Contact Us
Please contact your account executive or call us now.
Research Department
Tel : (852) 2277 6846
Fax : (852) 2277 6565
Email : businessenquiry@phillip.com.hk

Enquiry & Support
Branches
The Complaint Procedures
About Us
Phillip Securities Group
Join Us
Phillip Network
Phillip Post
Phillip Channel
Latest Promotion
E-Check
Login
Investor Notes
Free Subscribe
Contact Us