Dalip Holdings (01921) rose more than 7%, surging 27% in 3 trading days. As of press release, it had risen 7.31% to HK$4.70, with a turnover of HK$4.03 million.
The Zhitong Finance App learned that Dalip Holdings (01921) rose more than 7% and surged 27% in 3 trading days. As of press release, it had risen 7.31% to HK$4.70, with a turnover of HK$4.03 million.
Anxin International pointed out that Dalipu Holdings' production site in Cangzhou, Hebei is undergoing a second phase of production expansion, and the new production capacity is expected to be put into operation in 2025H1. After production was put into operation, the company's production capacity reached 1.2 to 1.4 million tons, seamless steel pipe production capacity reached 1 million tons, and oil and gas pipe production capacity reached 800,000 tons, double the current production capacity. After breaking through the bottleneck in production capacity, it will drive the company's product sales to increase rapidly in 2025-26. After increasing production capacity, the company's product range is more complete, and the competitive advantage position in the market is more remarkable. The company's performance is expected to enter a period of rapid explosion in 2025-26.
According to the bank, the company's production capacity will enter a period of rapid expansion, product technical barriers are high, customer stickiness is strong, and the penetration rate of high-end products and overseas sales will increase. The company maintains a 40% dividend payout ratio. Maintaining a “buy” rating, valued at DCF, the target price was HK$7.88.