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.
惠譽:長和(00001.HK)出售鐵塔資產有助紓緩現金流壓力
阿思達克 11-16 11:52
惠譽發表報告指,長和(00001.HK)將100億歐元歐洲鐵塔資產出售給西班牙鐵塔公司Cellnex Telecom SA,將會在集團增加5G投資之前提供額外的財務靈活性,及減輕疫情對公司自由現金流和槓桿帶來的短期壓力,相信長和會繼續維持其審慎及保守的財務管理,預期出售鐵塔的收益將會重新投資到業務中,並用於去槓桿化和股東回報。

該行預期,疫情對公司現金流的負面影響,將暫時令其調整後營運現金流(FFO)淨槓桿率提升至2020年的4.7倍。然而,由於該行認為現金流將會由今年下半年起逐漸改善,預計淨槓桿將在今年後降至4.5倍以下。此交易的潛在收益可能會提供額外的財務緩衝。

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