Market Brief

The articles are produced in Chinese only.

Author

邱俊瑜先生 (Porter Yau)
經理

主要按基本因素選股,但有時也會參考圖表、技術分析。除股票外,亦經常研究期權 。歡迎來電賜教或交流心得。
Phone:
36517388

威勝控股有限公司 (3393)

Thursday, September 22, 2022 Views5847

威勝控股(03393.HK)

 

簡介

從事開發、生產和銷售智能電、水、熱、燃氣計量儀表及智能配用電設備,提供智能計量、智能配用電、能效管理等解決方案及服務。

 

業績表現

 - 2022年上半年度,集團營業額上升23﹒6%至25﹒53億元(人民幣;下同),股東應佔溢利增長16﹒4%至1﹒43億元。期內,集團業務概況如下:


    (一)整體毛利增加28%至8﹒68億元,毛利率上升1﹒2個百分點至34%;
    (二)電智能計量解決方案:營業額增加27﹒1%至9329億元,佔總營業額3634%,分部溢利增長3﹒5倍至5490萬元;
    (三)通通信及流體智能計量解決方案:營業額上升10﹒2%至8﹒98億元,佔總營業額36﹒4%,分部溢利增長0﹒9%至1﹒74億元;
    (四)智能配用電系統及解決方案:營業額增長39﹒7%至7﹒26億元,佔總營業額28﹒4%,分部溢利上升14﹒1%至6954萬元;
    (五)於2022年6月30日,集團之現金及現金等價物為20﹒16億元,銀行及其他借款總額為30﹒48億元,負債比率(總借款除以總資產)為24%(2021年12月31日:22%)。

建議

公司盈利穩定,今年預計全年盈利每股人民幣0.29元,如派系比例60%,股息約有人民幣0.175元。以現價hkd 2.38計算,預計股息率8.2%;預計PE:12.1x;PB:0.47x 

 

人民幣對港幣由年初的1.2跌到現時的1.12;人民幣的貶值不利股價,如果股價接近$2.18;股息將會接近9%;本人認為公司業績穩定,手頭訂單處於歷史高位,盈利相對有保障,可以在$2.2附近收集!

 

買入價:$2.2

目標價:$2.8

止損價:$2 

This report is produced and is being distributed in Hong Kong by Phillip Securities Group with the Securities and Futures Commission (“SFC”) licence under Phillip Securities (HK) LTD and/ or Phillip Commodities (HK) LTD (“Phillip”). Information contained herein is based on sources that Phillip believed to be accurate. Phillip does not bear responsibility for any loss occasioned by reliance placed upon the contents hereof. The information is for informative purposes only and is not intended to or create/induce the creation of any binding legal relations. The information provided do not constitute investment advice, solicitation, purchase or sell any investment product(s). Investments are subject to investment risks including possible loss of the principal amount invested. You should refer to your Financial Advisor for investment advice based on your investment experience, financial situation, any of your particular needs and risk preference. For details of different product's risks, please visit the Risk Disclosures Statement on http://www.phillip.com.hk. Phillip (or employees) may have positions/ interests in relevant investment products. Phillip (or one of its affiliates) may from time to time provide services for, or solicit services or other business from, any company mentioned in this report. The above information is owned by Phillip and protected by copyright and intellectual property Laws. It may not be reproduced, distributed or published for any purpose without prior written consent from Phillip.
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