智通财经APP获悉，东吴证券发布研报称，香港中旅(00308)作为全国领先的文旅投资运营一体化平台，背靠央企中旅集团打造多个标杆文旅项目，立足大湾区发展多元业务，未来布局海内外文旅新项目赋能成长。该行预测2025-2027年公司归母净利润为2.7/4.2/6.0亿港元，对应PE为32/21/15倍。考虑香港中旅未来有望继续拓展优质旅游资产，公司有一定的估值溢价，首次覆盖给予“增持”评级。
报告中称，2025年上半年国内出游人次/游客出游总花费同比分别+20.6%/15.2%，该行预计未来旅游人次将在高基数下持续稳健增长。服务消费政策频出，有望助力释放文旅消费潜力。公司全国布局景区，实现投运一体化。细分板块主题公园/自然人文/休闲度假/景区配套服务2024年收入为5.96/12.41/4.58/0.50亿港元。
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