時代天使(6699.HK):潛在新晉港股通標的,價值有望再度抬升
格隆匯7月8日丨被稱為“中國正畸第一股”的時代天使(6699.HK)於6月16日以173港元(IPO價格)正式登陸港交所,上市首日盤中一度暴漲183%,創出490港元的上市最高價,市值一度超800億港元。隨後至今雖呈震盪走勢,但整體的市場表現明顯好於近期上市的大部分新股。截至目前,時代天使最新報379.6港元,較IPO價格上漲120%,市值629億港元。

時代天使是國內領先的隱形矯治解決方案提供商,市佔率41.3%,與橫掃全球的國際巨頭Align Technology(艾利科技/隱適美)分庭抗衡,形成雙寡頭競爭格局。
受益於隱形正畸行業的快速增長以及公司產品的不斷升級,公司近年營收快速增長,毛利率及淨利率保持提升。由此,時代天使上市後先後獲多家機構看好。
天風證券日前稱,考慮到公司是隱形正畸領域港股唯一的上市公司,同時出於謹慎性考慮,給予公司2021年PS為56倍,對應目標價468港元,首次覆蓋給予買入評級。海通國際證券首予時代天使目標價442.78港元,認為隱形正畸市場前景廣闊、滲透率可提升空間大。
另外值得注意的是,隨着半年度節點到來,恆生綜指成份股迎來新一輪檢討,“港股通”股票池也將隨之調整,多家機構稱受關注度較高的時代天使(6699.HK)有望新納入港股通,正式調整預計將於9月6日生效。分析人士認為,被納入港股通或會使得時代天使再度迎來價值抬升的機遇。
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