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花旗:上調國泰君安國際(1788.HK)評級 目標價升至1.3港元
格隆匯 07-13 16:09
格隆匯7月13日丨花旗發研報指,國泰君安國際(1788.HK)是國泰君安證券(2611.HK)的海外子公司,是中國最大的證券公司之一。今年3月10日,國泰君安國際完成發行17.65億股新股,募集資金總額27.8億港元(未計費用); 4月,公司進一步宣佈了股份回購計劃,擬回購不超10%公司股份。由於國泰君安國際沒有直接涉及瑞幸咖啡項目,該行預測FY20E的撥備將遠低於去年同期的9.1億港元。考慮到國泰君安國際供股結束,且已回購公司股份,投資者對潛在供股的影響顧慮將減輕,市場很可能會重新聚焦於業務前景和市場趨勢。該行將其評級由“賣出”升至“中性”,目標價從1港元上調30%至1.3港元。
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