The Zhitong Finance App learned that Fangzheng Securities released a research report saying that Shoucheng Holdings (00697.HK) relies on the “asset operation+financing” model to make more efforts. The bank predicts revenue for 2025-2027 to reach HK$1,664 million/$2,636 million, and net profit to mother of HK$529 million/705 million/$1,017 million, respectively, with corresponding PE multiples of 31.25X/23.43X/16.24X. The bank selected Quzhou Development (600208.SH), Zhangjiang Hi-Tech (600895.SH), and Shanghai Lingang (600848.SH), which transformed local state-owned enterprises into “investment+asset operation”, as comparable companies. Shoucheng Holdings' 2025-2027 PE valuation is lower than the average of comparable companies and has a valuation advantage. Covered for the first time, giving it a “Recommended” rating.

The Zhitong Finance App learned that Fangzheng Securities released a research report saying that Shoucheng Holdings (00697.HK) relies on the “asset operation+financing” model to make more efforts. The bank predicts revenue for 2025-2027 to reach HK$1,664 million/$2,636 million, and net profit to mother of HK$529 million/705 million/$1,017 million, respectively, with corresponding PE multiples of 31.25X/23.43X/16.24X. The bank selected Quzhou Development (600208.SH), Zhangjiang Hi-Tech (600895.SH), and Shanghai Lingang (600848.SH), which transformed local state-owned enterprises into “investment+asset operation”, as comparable companies. Shoucheng Holdings' 2025-2027 PE valuation is lower than the average of comparable companies and has a valuation advantage. Covered for the first time, giving it a “Recommended” rating.