Professional
Added to YB: 2025-10-24
Pitch date: 2025-10-09
1627.HK [bullish]
Able Engineering Holdings Limited
-1.43%
current return
Author Info
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Company Info
Able Engineering Holdings Limited, together with its subsidiaries, engages in the building construction business in Hong Kong.
Market Cap
HKD 1.4B
Pitch Price
HKD 0.70
Price Target
1.20 (+74%)
Dividend
8.33%
EV/EBITDA
-0.35
P/E
6.30
EV/Sales
-0.03
Sector
Construction and Engineering
Category
value
Stone Sentinel Capital New Position: Able Engineering Holdings
1627.HK (new position): Building construction/RMAA co trades 6x earnings, below cash w/ 9% dividend yield despite double-digit revenue/income growth. Office building impairment risk (24% vacancy) depresses stock. Target HKD 2.7b (vs 1.4b) on 8x normalized FCF. Even w/ 25-35% building writedown, 57-64% upside remains.
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