豐盛生活服務 (00331.HK) 未完成合約總額高達 130 億元.具穩定的自然增長潛力 January 31, 2024 257

PSR Recommendation: ACCUMULATE Status: Maintained
Target Price: HKD6.45

豐盛生活服務(「豐盛生活」)是一家生活服務綜合企業,擁有三個主要業務分部:
(i)物業及設施管理服務、(ii)綜合生活服務及(iii)機電工程服務。公司的服務透
過屬下八組成員集團公司提供,包括富城集圑、僑樂集團、惠康服務集團、豐盛環保
科技集團、香島園藝有限公司、大眾安全集團、新域保險集團及豐盛機電工程集團。
豐盛生活旗下公司為從事多種項目的客戶,包括遍及在香港、澳門及中國內地從事物
業發展、公共基建、教育及交通設施以及娛樂及旅遊行業的承辦商,提供全面「一站
式」的專業服務。公司的主要客戶涵蓋香港特區政府、跨國企業、物業的業主及投資
者、主題公園、大學、私人及公共設施的酒店和醫院。
未完成合約總額高達 130 億元.具穩定的自然增長潛力
FY2023(截至 2023 年 6 月底止年度),整體收入 77.672 億(港元.下同),按年增
11.5%。股東應佔溢利為 5.229 億元,按年增 4.0%,主要由於清潔及除蟲、技術支援
及維護、保險服務、環保服務及機電工程業務表現強勁,惟部分被來自保安護衛及活
動服務業務的貢獻減少、政府補助減少,及企業融資成本增加的影響所抵銷。若撇除
政府補助及非經常性項目的影響,FY2023 經調整純利 4.459 億港元(即自股東應佔溢
利 5.229 億元扣除保就業計劃政府補助 7700 萬元),較 FY2022 經調整純利的 4.147
億港元,按年增加 7.5%;每股基本盈利 1.14 元,按年增加 3.6%。末期股息每股 21.3
仙(FY2022:24.1 仙),全年派發 45.8 仙(FY2022:45.0 仙),派息率(按經調整
溢利佔比)為 40.1%(FY2022:41.0%,按經調整溢利佔比)。

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About the author

Profile photo of Eric Li

Eric Li
Analyst
Research

李浩然先生(Eric Li) 高級分析師 現任現為輝立証券持牌高級分析師,曾任職股票基金、家族辦公室及證券公司等,擁有多年的證券研究部門從業及投資經驗,並先後於香港最暢銷的財經媒體撰寫投資專欄。畢業於香港理工大學電子計算系。 Eric is currently a licensed research analyst at Phillip Securities. Prior to joining Phillip Securities, he has years of equity research and investment experiences in asset management company, family office and securities company. Meanwhile, he has written investment columns in Hong Kong`s best-selling financial media for years. He holds Bachelor of Arts in Computing from The Hong Kong Polytechnic University.

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