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梁文軒先生 (Eddie Leung)
助理經理

現任職輝立交易員,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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九龍倉置業 (1997.HK)

Friday, November 23, 2018 Views1208

九龍倉置業(01997)由九龍倉集團(00004)分拆上市,為會德豐(00020)附屬,截至6月底止的純利按年增長至101.79億港元,中期息每股派1.05港元,主要在香港從事商場、寫字樓投資及酒店經營。隨着高鐵及港珠澳大橋的開通,有助吸引內地旅客,為業務提供新的動力,對喜歡投資收租物業股的投資者可考慮選擇九置。

 

- 2018年上半年度,集團營業額下降14﹒6%至81﹒54億元,股東應佔溢利則上升1﹒1倍至101﹒8億元。期內業務概況如下:

(一)若不計投資物業重估盈餘淨額51﹒57億元及去年的外幣借款匯兌虧損,集團核心盈利增加8%至50﹒22億元;

(二)投資物業:營業額增加7﹒9%至71﹒23億元,佔總營業額87﹒4%,營業盈利上升7﹒2%至63﹒12億元;

(三)發展物業:營業額下跌97%至6600萬元,業績轉盈為虧,錄得營業虧損4600萬元;

(四)酒店:營業額上升28﹒6%至8﹒31億元,佔總營業額10﹒2%,營業盈利下降42﹒4%至8300萬元;

(五)投資及其他:營業額上升0﹒8%至1﹒34億元,營業盈利則下跌14﹒3%至6600萬元;

(六)按地區劃分:

1﹒香港:營業額上升9﹒6%至80億元,佔總營業額98﹒1%,營業盈利上升8﹒2%至63﹒59億元;

2﹒中國內地:營業額減少94﹒9%至1﹒14億元,業績轉盈為虧,錄得營業虧損4700萬元;

3﹒新加坡:營業額上升37﹒9%至4000萬元,營業盈利上升37﹒9%至4000萬元;

(七)於2018年6月30日,集團之銀行存款及現金為16﹒84億元,銀行借款總額為429﹒04億元。負債淨額與總權益比率為18﹒7%(2017年12月31日:19﹒9%)。

 

目標價: 55元

 

建議買入價:49.9元

 

止蝕位:48.5元 (3%)

 

參考資料來源:

www.etnet.com.hk

 

本人為證監會持牌人士。截至本評論文章發表日止,本人及/或其有聯繫者並無持有九龍倉置業<1997>證券的所有相關財務權益

 

 

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