Market Brief

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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。
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億和精密工業控股有限公司 (838)

Thursday, December 29, 2022 Views8862

億和精密工業控股有限公司                         股票編號:00838.HK

 

有關億和精密工業控股有限公司可參考:

https://doc.irasia.com/listco/hk/evaholdings/cpresent/cpre220830.pdf

 

業績表現

截至2022年6月止半年度,集團營業額增加23﹒2%至29﹒4億元,股東應佔溢利增長51﹒1%至1﹒03億元。期內業務概況如下:
    (一)整體毛利增加16﹒2%至5﹒65億元,毛利率下跌1﹒2個百分點至19﹒22%;
    (二)辦公室自動化設備:營業額增長13﹒8%至20﹒82億元,佔總營業額70﹒8%,分部溢利上升50%至8075萬元。其中,設計及製造模具之營業額減少44﹒7%至8200萬元,製造零部件之營業額增加19%至19﹒73億元;
    (三)汽車零部件:營業額增加54%至8﹒57億元,佔總營業額29﹒2%,分部溢利增長53﹒7%倍至7439萬元。其中,設計及製造模具之營業額上升6﹒6%至9075萬元,製造零部件之營業額則增加64﹒5%至7﹒15億元;
    (四)於2022年6月30日,集團持有現金及現金等價物為13﹒18億元,銀行借款總額為21﹒01億元。流動比率為1﹒15倍(2021年12月31日:1﹒13倍)。存貨周轉日數為48日(2021年12月31日:61日)。淨負債對股本比率(根據銀行借款及租賃負債之總和減現金及銀行結餘再除以股東權益計算)為25﹒3%(2021年12月31日:17﹒5%)。

 

股權披露

公司回購

同行盈利預測

短評及建議

公司是典型的工業股,近期的重點是成為Tesla和長城汽車的供應商,2022年上半年營業額增長23.2%,預計下半年表現會更好。以最保守業績計,下半年每股盈利大約7港仙。全年盈利每股約為0.13元。由於Tesla的訂單預期最少維持5年,公司預計未來2-3年都有可觀的增長。公司屬於增長型工業股,pe可給予10-15倍,目標價為1.3-1.95。

建議:買入
買入價:0.98
目標價區:1.3-1.95
止損價:0.7

 

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