丘鈦科技(1478.HK):增發新股,籌資擴大產能,維持“持有”評級
機構:國元證券
評級:持有
主要事件:
➢ 以先舊後新方式增發 1500 萬新股:
公司 2019 年 19 日公佈:以先舊後新方式以每股 13.68 港元配售 1500 萬股新股,現售價較昨日收市 14.1 元有折讓約 2.98%。新股佔已擴大後 股本約 1.3%。 公司預期募集約 1.623 億元,相當於認購事項所得款項淨額約 80%,將 用於攝像頭模組產能擴張等所需的資本開支;及約 4060 萬元,相當於 認購事項所得款項淨額約 20%,將用於研發。
具體方式是大股東通過配售代理擬以每股 13.68 港元(單位下同)折讓 2.98%配售 1500 萬股;然後公司擬向大股東發行合共 1500 萬股。
➢ 投資建議:籌資利於提高公司競爭力,評級“持有”:
我們認為光學行業處於景氣上升週期,公司在此階段擴大產能,利於公 司提高行業競爭力和盈利能力。
維持公司 2019、2020 和 2021 年 EPS 分別 0.49、0.62 和 0.70 港元/股的 預測,繼續“持有”。

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