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保利物業(6049.HK)首日上市高開24.79%
格隆匯 12-19 09:22
格隆匯12月19日丨央企物業第一股保利物業(6049.HK)今日首日上市高開24.79%,開報43.8港元,盤前成交11.83億港元,最新總市值234億港元。該股發行價35.1港元,認購倍數222.68倍。 保利物業主要業務為物業管理、非業主增值服務、社區增值服務,其中物業管理是主要收入來源,佔2019年上半年營收的64.6%。保利物業為央企背景,業內人士普遍認為,控股股東保利發展控股集團作為中國房地產行業的標杆龍頭,為保利物業帶來持續確定的增長機會。 不過值得注意的是,保利物業的營收雖然錄得可觀增長,但公司整體盈利能力相對較弱。招股書數據顯示,公司在2016年、2017年、2018年的毛利率分別為16.7%、17.9%、20.1%,同期淨利率僅有5.8%、6.9%、7.9%,低於行業平均水平。
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