share_log

Should You Think About Buying CK Infrastructure Holdings Limited (HKG:1038) Now?

Should You Think About Buying CK Infrastructure Holdings Limited (HKG:1038) Now?

你現在應該考慮收購長江基建控股有限公司(HKG: 1038)嗎?
Simply Wall St ·  03/12 00:02

Today we're going to take a look at the well-established CK Infrastructure Holdings Limited (HKG:1038). The company's stock saw a double-digit share price rise of over 10% in the past couple of months on the SEHK. The recent share price gains has brought the company back closer to its yearly peak. As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company's outlook is already priced into the stock. However, could the stock still be trading at a relatively cheap price? Let's examine CK Infrastructure Holdings's valuation and outlook in more detail to determine if there's still a bargain opportunity.

今天我們將來看看成熟的長江基礎設施控股有限公司(HKG: 1038)。在過去的幾個月中,該公司的股票在香港交易所的股價上漲了兩位數,漲幅超過10%。最近的股價上漲使該公司接近年度峯值。作爲一隻分析師報道率很高的大盤股,你可以假設該公司前景的任何最近變化都已經計入該股。但是,該股票還能以相對便宜的價格交易嗎?讓我們更詳細地研究CK Infrastructure Holdings的估值和前景,以確定是否還有討價還價的機會。

What's The Opportunity In CK Infrastructure Holdings?

CK 基礎設施控股公司的機會是什麼?

The share price seems sensible at the moment according to our price multiple model, where we compare the company's price-to-earnings ratio to the industry average. We've used the price-to-earnings ratio in this instance because there's not enough visibility to forecast its cash flows. The stock's ratio of 15.1x is currently trading slightly above its industry peers' ratio of 14.5x, which means if you buy CK Infrastructure Holdings today, you'd be paying a relatively sensible price for it. And if you believe CK Infrastructure Holdings should be trading in this range, then there isn't really any room for the share price grow beyond the levels of other industry peers over the long-term. Furthermore, CK Infrastructure Holdings's share price also seems relatively stable compared to the rest of the market, as indicated by its low beta. This may mean it is less likely for the stock to fall lower from natural market volatility, which suggests less opportunities to buy moving forward.

根據我們的多重定價模型,我們將公司的市盈率與行業平均水平進行比較,目前的股價似乎是明智的。我們在這個例子中使用市盈率是因爲沒有足夠的可見性來預測其現金流。該股票的比率爲15.1倍,目前的交易價格略高於其行業同行的14.5倍,這意味着如果你今天買入CK Infrastructure Holdings,你將爲此付出相對合理的價格。而且,如果你認爲CK Infrastructure Holdings應該在這個區間內交易,那麼從長遠來看,除了其他行業同行的水平外,股價實際上沒有任何上漲空間。此外,正如其低貝塔值所表明的那樣,與其他市場相比,CK基礎設施控股的股價似乎也相對穩定。這可能意味着該股不太可能因市場自然波動而下跌,這表明未來買入的機會減少。

Can we expect growth from CK Infrastructure Holdings?

我們能指望CK基礎設施控股公司實現增長嗎?

earnings-and-revenue-growth
SEHK:1038 Earnings and Revenue Growth March 12th 2024
SEHK: 1038 2024 年 3 月 12 日收益和收入增長

Future outlook is an important aspect when you're looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. With profit expected to grow by a double-digit 19% over the next couple of years, the outlook is positive for CK Infrastructure Holdings. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation.

當你考慮買入股票時,未來前景是一個重要的方面,特別是如果你是尋求投資組合增長的投資者。儘管價值投資者會爭辯說,最重要的是相對於價格的內在價值,但更有說服力的投資論點是以低廉的價格獲得高增長潛力。預計未來幾年利潤將增長兩位數的19%,CK基礎設施控股的前景樂觀。看來該股的現金流即將增加,這應該會促進更高的股票估值。

What This Means For You

這對你意味着什麼

Are you a shareholder? 1038's optimistic future growth appears to have been factored into the current share price, with shares trading around industry price multiples. However, there are also other important factors which we haven't considered today, such as the financial strength of the company. Have these factors changed since the last time you looked at 1038? Will you have enough conviction to buy should the price fluctuate below the industry PE ratio?

你是股東嗎?1038樂觀的未來增長似乎已被納入當前股價的因素,股票的交易價格約爲行業價格倍數。但是,我們今天還沒有考慮其他重要因素,例如公司的財務實力。自從你上次查看1038以來,這些因素是否發生了變化?如果價格波動低於行業市盈率,您是否有足夠的信心買入?

Are you a potential investor? If you've been keeping an eye on 1038, now may not be the most advantageous time to buy, given it is trading around industry price multiples. However, the optimistic forecast is encouraging for 1038, which means it's worth further examining other factors such as the strength of its balance sheet, in order to take advantage of the next price drop.

你是潛在的投資者嗎?如果你一直在關注1038,鑑於它的交易價格約爲行業價格倍數,現在可能不是最有利的買入時機。但是,對1038的樂觀預測令人鼓舞,這意味着值得進一步研究其他因素,例如資產負債表的強度,以利用下一次價格下跌的機會。

So if you'd like to dive deeper into this stock, it's crucial to consider any risks it's facing. For example - CK Infrastructure Holdings has 1 warning sign we think you should be aware of.

因此,如果你想更深入地研究這隻股票,那麼考慮它面臨的任何風險至關重要。例如,CK Infrastructure Holdings有1個我們認爲你應該注意的警告信號。

If you are no longer interested in CK Infrastructure Holdings, you can use our free platform to see our list of over 50 other stocks with a high growth potential.

如果您不再對CK Infrastructure Holdings感興趣,可以使用我們的免費平台查看我們列出的其他50多隻具有高增長潛力的股票清單。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
    搶先評論