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碧瑶绿色集团(1397.HK)IPO认购指南

Baguio Green Group (1397.HK) IPO Subscription Guide

國元(香港) ·  May 13, 2014 00:00  · Researches

1. IPO purchase suggestions:

Baguio Green Group is a leading environmental services provider in Hong Kong. According to the Ipsos report, based on revenue for the 12 months ended 2013/12, the company is the number one environmental service provider in Hong Kong. Based on the total revenue of the industry, the company has a market share of 14.3%. The company's main business includes cleaning services, horticultural services, pest management services, and waste treatment and recycling services. The company's service places mainly include streets, markets and other public places, cultural and recreational venues, airports, hospitals, shopping centers, commercial and industrial buildings, and residential buildings. As a leading environmental service provider in Hong Kong, the company has served Hong Kong for over 34 years, has extensive resources and established long-term and stable business relationships with major customers, and has a solid position in the Hong Kong environmental services industry. According to the prospectus, the net profit of Baguio Green Group as of the end of December 2013 was HK$6,250 trillion. The prospectus price is equivalent to the price-earnings ratio of 5.1 times to 7.6 times in 2013. The valuation is reasonable, and it is recommended to participate carefully in the subscription.

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