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寶龍商業(9909.HK)首日上市漲近2%
格隆匯 12-30 09:51
格隆匯12月30日丨寶龍商業(9909.HK)首日上市平開,開盤後小幅上漲,現報9.67港元,漲1.79%,暫成交3.27億港元,最新總市值57.96億港元。該股發行價9.5港元,認購倍數53.24倍。寶龍商業是一家商業運營服務供應商,區別於傳統物業開發商採取的資本密集型業務,寶龍商業採用輕資產業務,因此在現金流量方面受到的限制更少。同時這種模式也能減輕財務負擔,提高營運效率,帶來更高的利潤率,並有助於市場向外擴張。目前公司非常依賴於單一客户帶來的收入,招股書顯示,於2016年、2017年及2018年及2019年上半年,公司向其單一最大供應商保留集團的採購額分別為佔採購額約4.2%、6.2%、7.2%及23.2%。
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