Market Brief

The articles are produced in Chinese only.

Author

鄭錦華先生 (John Cheng)
助理經理

畢業於嶺南大學市場學系, 現任職輝立助理經理, 對投資股票、期權經驗豐富。 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:
36533000

884 旭輝控股(集團)有限公司 CIFI HOLDINGS (GROUP) CO. LTD.

Monday, November 22, 2021 Views8732

團業務

集團在中國從事房地產開發、房地產投資及物業管理業務,主要專注在中國的一線、二線及三線城市開發高品質及針對用家自用的房地產物業開發項目涵蓋住宅、商務辦公、商業綜合體等多種物業種類。集團亦保留物業所有權作為投資物業,並透過自身的物業管理公司向其商住客戶提供物業管理服務。

 

業務回顧

截至2021年6月止六個月,集團營業額上升58%至363﹒73億元(人民幣;下同),股東應佔溢利增加6﹒9%至36﹒03億元。期內業務概況如下:股東權益應佔核心淨利潤增長4﹒8%至33﹒46億元,核心淨利潤率為9﹒2%;整體毛利增長27﹒5%至75﹒25億元,毛利率則下降4﹒9個百分點至20﹒7%

 

展望未來

旭輝的財務持續穩健,融資成本不斷降低,顯示出資本市場對其的認可。公司在9月成功發行了規模為18.75億元的第三批境內公司債券,票息僅為3.90%。此次債券發行完成後,旭輝控股已完成今年所有境內外到期債務的再融資,財務安全性在行業內十分突出。

 

建議買入價: 4.40

目標價: 5.50

止蝕價: 4.00

 

註:本人鄭錦華為證監會持牌人士。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証券的所有相關財務權益。


 

This report is produced and is being distributed in Hong Kong by Phillip Securities Group with the Securities and Futures Commission (“SFC”) licence under Phillip Securities (HK) LTD and/ or Phillip Commodities (HK) LTD (“Phillip”). Information contained herein is based on sources that Phillip believed to be accurate. Phillip does not bear responsibility for any loss occasioned by reliance placed upon the contents hereof. The information is for informative purposes only and is not intended to or create/induce the creation of any binding legal relations. The information provided do not constitute investment advice, solicitation, purchase or sell any investment product(s). Investments are subject to investment risks including possible loss of the principal amount invested. You should refer to your Financial Advisor for investment advice based on your investment experience, financial situation, any of your particular needs and risk preference. For details of different product's risks, please visit the Risk Disclosures Statement on http://www.phillip.com.hk. Phillip (or employees) may have positions/ interests in relevant investment products. Phillip (or one of its affiliates) may from time to time provide services for, or solicit services or other business from, any company mentioned in this report. The above information is owned by Phillip and protected by copyright and intellectual property Laws. It may not be reproduced, distributed or published for any purpose without prior written consent from Phillip.
Top of Page
Contact Us
Please contact your account executive or call us now.
Research Department
Tel : (852) 2277 6846
Fax : (852) 2277 6565
Email : businessenquiry@phillip.com.hk

Enquiry & Support
Branches
The Complaint Procedures
About Us
Phillip Securities Group
Join Us
Phillip Network
Phillip Post
Phillip Channel
Latest Promotion
E-Check
Login
Investor Notes
Free Subscribe
Contact Us