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瑞信:內地放寬上市公司再融資規定 券商股首選中信證券(6030.HK)等三股
格隆匯 02-17 15:37
瑞信發表研究報告指,中證監針對再融資的新規於2月14日出台,擴大獲得再融資資格的公司範圍,改善投資吸引力,以及簡化審批。
該行指,對比此前的版本,最後版本對配售比率由20%放寬至30%,並放寬提交申請的寬限期。假設最後再融資額回覆至2013-17年的平均約1.1萬億元人民幣,這將轉換成相等於61億元人民幣的費用收入,或相等於2019年的總收入約1.7%。
該行預期未來資本市場改革會針對直接融資,並將有助擁有強勁的研究團隊、機構客户和強勁資本的券商,首選中信證券(6030.HK) 、華泰(6886.HK) 和中金(3908.HK) ,均予“ 跑贏大市 ”評級,目標價分別為17.8港元、15.5港元及17.2港元。
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