2Q26: Convincing quarter; upside remains constrained. Reiterate Underperform: None-20260819
野村证券·2026-08-19 16:12
Accessible version Parkin Company 2Q26: Convincing quarter; upside remains constrained. Reiterate Underperform Reiterate Rating: UNDERPERFORM | PO: 5.55 AED | Price: 5.58 AED Convincing beat, but upside remains limited Parkin delivered a strong 2Q beat on revenues (+14% YoY; +12/+14% vs. BofAe/cons) and net income (+12% YoY; AED166m vs. 152/143), driven by public parking revenues and seasonal cards sales. Public parking benefitted from c.8k new spaces in the quarter and resilient utilisation, both ahead of ...