Added to YB: 2024-12-23
Pitch date: 2024-12-20
0882.HK [bullish]
Tianjin Development Holdings Limited
+30.89%
current return
Author Info
Company Info
Tianjin Development Holdings Limited, through its subsidiaries, supplies water, heat, thermal power, and electricity to industrial, commercial, and residential customers in the People’s Republic of China.
Market Cap
HKD 2.1B
Pitch Price
HKD 1.86
Price Target
15.16 (+521%)
Dividend
7.14%
EV/EBITDA
3.77
P/E
3.84
EV/Sales
0.61
Sector
Multi-Utilities
Category
value
The Grinch - Tianjin Development
0882.HK: SOE conglomerate w/ OTIS China stake trading at HKD 2, 4.44x P/E. Bull case FAV HKD 15.16 (12x P/E, 100% fin assets). Net cash HKD 5.28/share, investments HKD 4.49/share. 80% discount to FAV seems excessive for dollar-for-pennies opportunity. Bear case 3x P/E.
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