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。
Phone:
36533000

960 龍湖集團控股有限公司 LONGFOR GROUP HOLDINGS LIMITED.

Tuesday, July 13, 2021 Views9637

集團業務

集團的業務起源於重慶,於2005年擴展至成都及北京,於2007年下半年擴展至西安及上海。於2009年,集團進入無錫、瀋陽及常州市場,並計劃繼續擴展至中國其他發展迅速的目標地區,包括環渤海地區及長江三角洲地區。

 

業務回顧

2020年度,集團營業額上升22﹒2%至1845﹒47億元(人民幣;下同),股東應佔溢利增加9﹒1%至200﹒02億元。年內業務概況如下:剔除公平值變動等影響後之股東應佔核心溢利增長20﹒2%至186﹒9億元,核心稅後利潤率為14﹒7%,核心權益後利潤率為10﹒1%。整體毛利增長6﹒4%至540﹒31億元,毛利率則下降4﹒3個百分點至29﹒3%

 

展望未來

中國未來五年料有五大趨勢,即需要更多的豪華商場、鐵路+物業(TOD)為未來模式;輕資產模式及商場管理良性循環下「贏家全取」;由資產管理人至投資經理的業務模式轉變;在捕捉消費趨勢下會員制成為競爭優勢,強化對租客的議價能力。

 

建議買入價: 40.00

目標價: 50.00

止蝕價: 38.00

 

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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