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軍令狀來了,恆大物業兩指標劍指第一
格隆匯 01-17 18:28

日前,以重磅盈喜成為物管頭部"明星股"的恆大物業(6666.HK)再曝大動作。

1月17日,該公司召開軍令狀誓師大會,並下達兩大考核目標:其一,今年要每月新增拓展在管面積3000萬平方米;其二,每季度淨利潤都要較去年全年淨利潤的1/4增長50%以上。若實現上述目標,其在管面積將超6億平方米,淨利將超39億,均刷新行業紀錄。

根據規劃,恆大物業IPO募集資金的65%將用於戰略性收購及投資。另外,母公司恆大集團(3333.HK)2020年銷售額超過7000億,以其約9000元/㎡的均價測算,交樓後有望為恆大物業帶來超8000萬平方米的在管項目資源。

盈利方面,恆大物業一直保持着"高增長屬性",2017年至2019年,恆大物業淨利潤年均複合增長率達195.5%,在業內一騎絕塵;2020年盈利增速亦高達180%,強大的盈利能力再次凸顯。伴隨着規模的高增長,恆大物業淨利年增50%以上的目標或已是保守估計。

此外,恆大物業還將業務邊界向增值服務領域延伸,與此前已引入騰訊、雲鋒基金等戰略投資者深入合作,全面提升科技水平,搶攻物業增值服務市場,進一步推高盈利水平。

與高成長性、高盈利能力對比鮮明的是,恆大物業目前1300億港元市值明顯被低估,按照39億元人民幣的淨利潤和頭部物業股平均PE計算,其市值有望突破3200億港元。在高潛力業績的預期下,恆大物業後市值得期待,有望成為市值第一的物業股。

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