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雅生活(03319.HK):冀未來核心業務增長達10%至15%
雅生活服務(03319.HK)董事會聯席主席黃奉潮表示,去年沒有派息主因金融環境較惡劣,加上去年應收款餘額增長較大,影響著公司整體現金流,另一方面是公司要儲備足夠的子彈,為今年或者明年到來的一些投資機會作準備。去年是經濟最低谷,投資機會或較延緩,在今年或者明年有最佳投資機會,現時應收款餘額較大,催收工作就是今年非常重要工作。 黃奉潮表示,目前整個融資端在不斷緩解,政府也釋放出很多政策,雅居樂(03383.HK)在一些融資和發債方面也在啟動,現金狀況在不斷緩解,雅居樂對雅生活的欠款不會形成壞賬,相信從今年開始,整個現金流越來越好的話,也會向母公司催回應付款項。 首席執行官李大龍表示,冀望未來發展核心業務能夠10%至15%增長,主要來源於內生的增長。對於收併購,他表示,不排除這兩年在價值回歸之後,在業務上、能力上佈局的前提之下,還會進行有質量的整合和收購。 首席財務官黃嘉毅表示,未來公司物業板塊會保持10%穩健增長,業主增值服務略高一些,達到15%至20%,城市服務維持在15%的比重,兩三年後從業務板塊佔比來看,物業管理佔到整個收入的70%,業主部分可能佔到15%,城市服務可能為10%,外延服務可能進一步壓縮到個位數,大概在5%至10%。未來整個利潤增長還是來源於收入結構調整,收入穩健增長。
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