How about Wanda Business Management: hot topics and data analysis in the past 10 days
Recently, Wanda Commercial Management has once again become the focus of public opinion due to topics such as its listing and gambling agreement and debt pressure. This article combines hot discussions across the Internet in the past 10 days (as of October 2023), and uses structured data to analyze the current situation of Wanda Commercial Management from the dimensions of financial performance, business layout, market evaluation, etc.
1. Financial data and market performance
| indicator | Data for the first half of 2023 | Year-on-year change |
|---|---|---|
| total revenue | 25.45 billion yuan | +7.2% |
| net profit | 6.73 billion yuan | -5.8% |
| Liability scale | About 300 billion yuan | flat |
| In tube area | 59.2 million square meters | +3.5% |
It can be seen from the data that Wanda Commercial Management's revenue has maintained growth but profits are under pressure, and debt issues remain a focus.
2. Inventory of hot events in the past 10 days
| Date | event | Popularity of public opinion |
|---|---|---|
| October 5 | Zhuhai Wanda Commercial Management submitted its prospectus for the third time | ★★★★☆ |
| October 8 | Exposed gambling agreement faces 38 billion yuan repurchase pressure | ★★★★★ |
| October 12 | Wang Jianlin appeared in Zhengzhou to inspect cultural tourism projects | ★★★☆☆ |
Listing progress and debt issues have become two core topics recently, and the capital market is highly concerned about the expiration risk of its gambling agreement.
3. Analysis of current business layout
| Business segment | Representative project | strategic trends |
|---|---|---|
| Business operations | Wanda Plaza (416 nationwide) | Asset-light transformation, 20+ new projects to be launched in 2023 |
| hotel management | 7 major brands including Wanda Ruihua/Mandarin | Selling some assets to raise funds |
| Culture and entertainment | Film, television and sports IP | Shrink non-core businesses |
Focusing on the main business of commercial operations and accelerating asset-lightization is the current strategic focus, and the cultural and entertainment sector continues to shrink.
4. Market evaluation is polarized
Positive review:
• Industry-leading commercial operation capabilities, with a stable occupancy rate of over 98%
• The asset-light model reduces financial pressure, with 45 asset-light projects signed in 2023
Negative concerns:
• Countdown to the gambling agreement: If you fail to list before the end of 2023, you will have to pay a huge repurchase fee
• Frequent asset sales raise liquidity concerns
5. Summary of expert opinions
| institution | Summary of ideas | Rating |
|---|---|---|
| Morgan Stanley | There are uncertainties in listing, but the core assets are of high quality | Neutral |
| S&P | Liquidity risk rises, downgrade rating to B+ | Negative |
| CICC | The asset-light transformation is effective and it will remain competitive in the long term. | Overweight |
Summary:Wanda Commercial Management is in a critical period of transformation and its business operation fundamentals are solid. However, short-term debt pressure and uncertainty in the listing process pose major challenges. Capital operations in the next three months will determine whether it can resolve the crisis, and investors need to pay close attention to the subsequent progress of the gambling agreement.
check the details
check the details
en
