You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
野村:會德豐(0020.HK)私有化釋放隱藏價值 現金代價低於預期
格隆匯 02-28 13:43

吳光正私有化會德豐(0020.HK),建議每股會德豐分派一股九龍倉置業(1997.HK)及一股九龍倉(0004.HK)股份,再加現金12港元。野村發表研究報告指,認為此舉有助釋放會德豐的隱藏價值,對其股東有利,但認每股現金12港元的代價較野村預期的14港元為低,維持68.6港元目標價及“買入”投資評級。

野村表示,假設股東仍繼續持有所接收的九倉置業及九倉股份,直至整個私有化過程完成,參考過往的股息派發率,他們將可獲取較高的股息。長遠來説,集團或有進一步業務重整的可能性,因為集團旗下會德豐和九倉的本港地產發展業務有重疊之處,重組將可創造成本協同效益,並強化集團作為香港主要發展商的地位。

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account