中烟香港:中烟启航出海 把握“稀缺&确定“成长机遇

国金证券
20 Jan

投资逻辑公司由中烟总公司控股,定位于中烟体系资本市场运作及国际业务拓展平台,全面助力中烟国际化发展。23 年营收/归母净利分别达118.4/6.0 亿港元,19-23 年CAGR 分别为7.2%/17.0%。24H1 公司营收/归母净利分别+12.4%/+40.8%,ROE 多年维持在20%以上。特许经营权奠定公司业绩基本盘,稀缺性+确定性属性凸显。烟叶进出口业务:进口量价齐升仍可期,出口区域开拓...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10