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复星国际NAV1478亿港元,对应股价7.24港元每股(百万HKD)
复星国际NAV1478亿港元,对应股价7.24港元每股(百万HKD)
行业数据
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复星国际(0656.HK)-港股公司首次覆盖报告:瘦身健体轻装再起航-260309(23页).pdf
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Harbin Electric (1133.HK) share price performance HKD Vs HSBC rating history
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行业数据
2026-03-17
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长期投资机会东风电气(1072.HK)股价表现HKD与汇丰评级历史
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行业数据
2026-03-17
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可比公司估值(截至2025年9月4日;1USD=7.1CNY;1HKD=0.92CNY)
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其它
2025-09-08
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资本开支(亿HKD)
fCDml6XmnJ8gfCDotYTmnKzlvIDmlK/vvIjkur9IS0TvvIkgfAp8LS0tLS0tfC0tLS0tLS0tLS0tLS0tLS18CnwgMjAyMCB8IDI4MCAgICAgICAgICAgIHwKfCAyMDIxIHwgMjgwICAgICAgICAgICAgfAp8IDIwMjIgfCAxNjAgICAgICAgICAgICB8CnwgMjAyMyB8IDgwICAgICAgICAgICAgIHwKfCAyMDI0RSB8IDYwICAgICAgICAgICAgIHwKCui1hOaWmeadpea6kO+8muWFrOWPuOWFrOWRiu+8jOWbveazsOWQm+WuieivgeWIuOeglOeptg==
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其它
2024-05-11
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收入构成(万HKD):运营占比持续提升
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其它
2024-05-11
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报表经营活动现金流多年为负数(万HKD)
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其它
2024-05-11
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太平洋航运历史P/B(单位:HKD)
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其它
2024-01-22
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太平洋航运历史P/E(单位:HKD)
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其它
2024-01-22
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可比公司估值(股价为2023年9月28日收盘价,货币均为CNY,1HKD=0.918CNY)
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行业数据
2023-10-12
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图10、分红率逐年提升0.8HKD%50
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fCDliIbnsbsgICAgICAgfCDmlLblhaXvvIjnmb7kuIdIS0TvvIkgfCDljaDmr5QlIHwKfC0tLS0tLS0tLS0tLXwtLS0tLS0tLS0tLS0tLS0tLS18LS0tLS0tLXwKfCDkvpvmsLTlu7rorr7mnI3liqEgfCA0NTI3LjcgICAgICAgICAgIHwgNDQlICAgfAp8IOS+m+awtOe7j+iQpeacjeWKoSB8IDM1MDQuOSAgICAgICAgICAgfCAzNCUgICB8Cnwg5L6b5rC05o6l6amz5pS25YWlIHwgMjExMi45ICAgICAgICAgICB8IDIwJSAgIHwKfCDlhbbku5YgICAgICAgfCAyMDEuNiAgICAgICAgICAgIHwgMiUgICAgfAoK6LWE5paZ5p2l5rqQ77ya5YWs5Y+46LWE5paZLCDlronkv6Hlm73pmYU=
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fCDlubTku70gfCDokKXkuJrmlLblhaXvvIhIS0Tkur/lhYPvvIkgfAp8LS0tLS0tfC0tLS0tLS0tLS0tLS0tLS0tLXwKfCAyMDE5IHwgMTUuOCAgICAgICAgICAgICB8CnwgMjAyMCB8IDE1LjAgICAgICAgICAgICAgfAp8IDIwMjEgfCAyMi4zICAgICAgICAgICAgIHwKfCAyMDIxSDEgfCAxMS4zICAgICAgICAgICAgIHwKfCAyMDIySDEgfCAxNC45ICAgICAgICAgICAgIHwKCui1hOaWmeadpea6kO+8muWFrOWPuOi1hOaWmeOAgeWuieS/oeWbvemZhQ==
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公司作为大型集团,涉及多个业务板块,采用 NAV 法进行估值,分板块汇总计算集团每个板块所有可辨认资产总价值。对于上市公司,取当前市值与持股比 例可得出相应标的 GAV,对于无直接公允价值的资产,考虑二级市场与一级市场的联动性,预计非上市公司估值将会有一定幅度提升,同时根据公司的最新公告,2025 年公司进行了一次性的非现金减值计提和价值重估,在公司 2025H1 披露的 GAV 数据的基础上,减少 225 亿港元的 G AV,据此可以得出对应板块总体预计 GAV 为 2489 亿港元,扣除 1011 亿港元净负债后,NAV 为 1478 亿港元,参考香港与复星国际业务相似度较高的公司作为可比公司,其近一年归母资产净值折价倍数平均值为 0.4018,出于谨慎性考虑,我们给予公司 0.4 倍 NAV 估值,预计公司市值 591 亿港元,对应股价 7.24 港元/股。
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复星国际(0656.HK)-港股公司首次覆盖报告:瘦身健体轻装再起航-260309(23页).pdf
复星国际NAV1478亿港元,对应股价7.24港元每股(百万HKD)
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