Intelligent Finance APP learned that Zheshang Securities released a research report stating that considering the comprehensive layout of software and hardware facilities and internal growth-driven factors, it is expected that Xiamen Xiangyu (600057.SH) will have a net profit attributable to the parent company of 1.211 billion yuan, 1.435 billion yuan, and 1.683 billion yuan from 2020 to 2022, with year-on-year increases of 9.50%, 18.46%, and 17.35%, respectively, corresponding to EPS of 0.56 yuan, 0.66 yuan, and 0.78 yuan. From a growth perspective, the company's compound annual growth rate of net profit attributable to the parent company from 2020 to 2022 is 17.90%, and the PEG of the corresponding 2021E PE is 0.52, which is significantly lower than the valuation relative to the growth. Zheshang Securities believes that the reasonable valuation of the company is around 15 times PE, the reasonable market cap of the 2021 net profit attributable to the parent company is about 21.5 billion yuan, and the relative price still has about 58% room for growth. The first coverage is given a "buy" rating.$DZUG (01635.HK)$Once rose more than 20%, as of press time, it has risen 13.4%, to 2.20 Hong Kong dollars, with a turnover of 0.101 billion Hong Kong dollars.

On the news front, Shenzhen yesterday issued the "Action Plan for Promoting Mergers and Acquisitions and Restructuring for High-Quality Development of Shenzhen (2025-2027) (Draft for Public Comments)". The plan proposes that by the end of 2027, the quality of listed companies in and outside Shenzhen will be comprehensively improved, and the total market value will exceed 15 trillion yuan.

It is reported that shanghai dazhong public utilities is an investment holding company that advances both public utilities and financial venture capital. Among them, venture capital business is a relatively important sector and source of profit for shanghai dazhong public utilities, and the company holds 10.80% equity in Deep Venture Capital.

Editor/ping