Market Brief

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Author

王富榮先生 (Chris Wong)
助理經理

現任職輝立助理經理,對投資大中小型股票均經驗豐富,亦擅於以窩輪、牛熊證操作。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:
3925 9299

碧桂園服務控股有限公司 (6098)

Tuesday, July 26, 2022 Views5842

碧桂園服務 06098.HK


碧桂園服務 06098.HK 公布截至去年12月底止全年業績,營業額 288.43 億元人民幣,按年升 84.9%。
純利 40.33 億元,按年升 50.2%,核心淨利潤 46.07 億元,按年升約 58.7%;每股基本盈利 128.42 分。派末期息 29.95 分。

年內毛利率則由 2020 年同期約 34% 下降 3.3% 至約 30.7%,主要由於毛利率低的城市服務比重上升,
疫情社保減免政策取消的影響造成毛利率下降。

截至 2021 年底,集團除「三供一業」業務外的物業服務收費管理面積,由2020年底約 3.77 億平方米,增加約 3.88 億平方米,
至約 7.66 億平方米,除「三供一業」業務外的物業服務合同管理面積由 2020 年底約 8.21 億平方米,增加約 6.17 億平方米,
至約 14.38 億平方米。另外,截至 2021 年底,「三供一業」業務的物業服務收費管理面積及合同管理面積均約 8,520 萬平方米。

碧桂園服務堅持其發展戰略、維持 2025 年千億人民幣營收目標不變,略調整業務分拆至基礎物業 500 億人民幣、社區增值服務 300 億人民幣
、城市服務 150 億人民幣、商業營運 100 億人民幣。2022 年公司將賬款回收工作提升至重要高度、配合相關流程指導和嚴格考核指標,
同時積極推動被收併購公司的經營整合,以期優化資產負債表。

最近爛尾樓事件令物管股全面受壓,對業務穩固行業龍頭造就吸納機會,當中碧桂園服務公司股權上由大股東楊惠妍直接持有,
有別於其他物管公司由其房產母企直控模式,於行業危機上相對放心。



買賣策略


中線收集 $16-20  目標 $33-37   止蝕 $15



本人王富榮為證監會持牌人士。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證券的所有相關財務權益。

 

 

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