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郭思治: 首程控股(00697.HK)技術上已見突破
阿思達克 09-04 09:37
香港股票分析師協會副主席郭思治稱,首程控股(00697.HK)公布截至6月底中期業績,歸屬母公司股東淨利益達4.41億港元,較去年大幅增長45%。經過兩年發展後,停車業務首次實現盈利,上半年淨利2.18億港元,同比增長126%,目前簽約車位已達10.68萬個,同比翻倍。中期股息亦由去年2億港元增加50%至3億港元,以回饋股東在轉型期間對公司之信任及支持。

另外,基金管理業務方面亦健步增長,較去年同期相比增長30億元人民幣。相關業務於今年上半年之實現收入為1.03億港元,同比增長22%,淨利為0.77億港元,同比增長67%。以現價計,伸值全年市盈率約17倍,息率約5厘。集團與著名房地產開發商鐵獅門合作的奧產業園區項目正在動工建設,預計明年5月投入使用。此為2022年北京冬奧會及周邊市民的首個大型商業綜合體。

近月來公司股價持續上漲,昨日收於2.12元,自6月份以來的近三月的漲幅已達72%,同期間內,恆指上漲11%,恆生綜合小型股指數則上漲19.4%。可以看出市場已經逐漸認知以及認可公司的停車資產管理業務發展潛力。公司當前不足150億元市值,參考物管公司30倍左右的平均PE估值倍數,公司的合理市值應為200億港元,若考慮到公司的行業龍頭地位,還應獲得更高的估值溢價,建議投資者可關注。

(筆者為證監會持牌人)~

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