Ka Wah International (173) recently launched the sale of Jiafenghui, a new property in Kai Tak Development Zone
The market responded positively and boosted the property market in Hong Kong. , Has outperformed the industry by an average increase of 0.25%, the stock price is firmly above the average line, the MACD shows a bearish difference, after two months of rampant movements, the technical trend appears a cup handle breakthrough signal, giving people a sense of dynamism, especially the same The main Galaxy Entertainment (027) surged for three consecutive days, which also had a drag effect. However, from the April high of 5.07 yuan to the August low of 3.6 yuan and the short-term resistance at 4.5 yuan, once it rises above this level, it is expected The last high on the test was 5.07 yuan.
K. Wah’s current price-earnings ratio is 3.4 times, an average of 8.6 times the industry average, a discount of 60%, plus a listed book rate of 0.38 times
The Bank of Macquarie’s September report gave Ka Wah a “Outperform” rating with a target price of 6.96 yuan, which is 60% higher than the current price. As soon as possible, the market performance has been mediocre in the past two months, but even if Jiahua failed to soar in the reversible market of other stocks, it can stick to the convergence area of the average line and show its strong resistance to decline.
Ka Wah’s interim profit this year was 1.53 billion yuan, a 1.6% increase over the same period last year
If the income in the second half of the year is similar, and the annual profit forecast is more than 3 billion yuan, it will be 1 billion yuan less than the 4 billion yuan in 2018. It will have a negative impact, and the profit progress may be higher than market expectations. Therefore, the two valuation indicators of Jiahua are still the core of the good stock price.