招银国际发表报告指出，华润万象生活(01209.HK) 去年收入按年升15%至170亿元人民币，较指引低3%，主要受累于社区增值服务(VAS)表现；净利润按年升24%至36亿元人民币，较指引超出4%，受高毛利率的购物中心业务以及有效的成本控制影响。公司对今年净利润指引为呈双位数增长，该行料公司全年核心净利润增长21%以上才能达至其“十四五”规划目标。
该行看好华润万象生活在母企支持下，其基础物业管理业务稳定增长；购物中心业务快速增长，贡献超过54%的毛利率；稳健的第三方扩张等。考虑到公司于行业中的领先地位和强劲的商业营运，该行维持对其“买入”评级，目标价46.94元下调至45.27元。(jl/w)(港股报价延迟最少十五分钟。沽空资料截至 2025-04-01 16:25。)
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