郭思治: 首程控股(00697.HK)技术上已见突破
香港股票分析师协会副主席郭思治称,首程控股(00697.HK)公布截至6月底中期业绩,归属母公司股东净利益达4.41亿港元,较去年大幅增长45%。经过两年发展後,停车业务首次实现盈利,上半年净利2.18亿港元,同比增长126%,目前签约车位已达10.68万个,同比翻倍。中期股息亦由去年2亿港元增加50%至3亿港元,以回馈股东在转型期间对公司之信任及支持。
另外,基金管理业务方面亦健步增长,较去年同期相比增长30亿元人民币。相关业务於今年上半年之实现收入为1.03亿港元,同比增长22%,净利为0.77亿港元,同比增长67%。以现价计,伸值全年市盈率约17倍,息率约5厘。集团与着名房地产开发商铁狮门合作的奥产业园区项目正在动工建设,预计明年5月投入使用。此为2022年北京冬奥会及周边市民的首个大型商业综合体。
近月来公司股价持续上涨,昨日收於2.12元,自6月份以来的近三月的涨幅已达72%,同期间内,恒指上涨11%,恒生综合小型股指数则上涨19.4%。可以看出市场已经逐渐认知以及认可公司的停车资产管理业务发展潜力。公司当前不足150亿元市值,参考物管公司30倍左右的平均PE估值倍数,公司的合理市值应为200亿港元,若考虑到公司的行业龙头地位,还应获得更高的估值溢价,建议投资者可关注。
(笔者为证监会持牌人)~
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