里昂:料华润万象生活(01209.HK)商业管理业务保持强劲 上调目标价至41.2港元

智通财经
Aug 28, 2025
【里昂:料华润万象生活(01209.HK)商业管理业务保持强劲 上调目标价至41.2港元】智通财经APP获悉,里昂发布研报称,华润万象生活(01209.HK)上半年盈利增长低于该行早前的2025年核心利润预测,原因在于物业管理业务增长低于预期。然而商业管理业务表现依然强劲,毛利增长24.4%,受惠于租户销售额同比增长21.1%。该行认为,华润万象生活业务是大城市高端消费的代表,将继续跑赢整体消费。该行下调对公司今年至2027年各年利润预测到1.3%至3.7%,对该股估值基础调整至2027年每股盈利,目标价从35.8港元上调至41.2港元,维持“跑赢大市”评级。

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