Added to YB: 2024-10-03
Pitch date: 2024-09-30
0882.HK [bullish]
Tianjin Development Holdings Limited
+32.9%
current return
Author Info
Bos Invest is a Dutch investor using fundamental analysis and a total return approach. Sign up for their newsletter.
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 1.84
Price Target
10.94 (+348%)
Dividend
7.14%
EV/EBITDA
3.77
P/E
3.84
EV/Sales
0.61
Sector
Multi-Utilities
Category
value
Tianjin Development: Extreme discount is attractive
0882.HK: SOE trading at 33% of net cash + quality assets. 5.7x upside potential. Key holdings: Otis Elevator China (16.55%), Tianjin Port (21%). 7.9% dividend yield, growing. Risks: SOE status, poor capital allocation. Catalysts: special dividend, asset sales, restructuring. Cheap even after doubling.
Read full article (7 min)