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.
《大行報告》匯豐研究下調楓葉教育(01317.HK)目標價至3元 評級「買入」
阿思達克 01-14 15:16
匯豐研究發表報告指,楓葉教育(01317.HK)宣布計劃發1.25億美元可換股債券,所得款項將用於償還現有借貸及收購,預期若全面行使發行可換股債券,可能導致股權攤薄約11%,並加劇財務表現波動,但相信只屬短期影響,匯豐對其近期學校營運業務復甦及長期增長前景抱樂觀態度,維持予「買入」評級。

該行又指,發行可轉債可以增強其財務狀況,降低負債比率,並為即將到來的五年計劃提供更多資金作拓展,潛在財務影響有限。該行指,楓葉教育最近宣布將總部遷至深圳,認為此舉可能會增強其在沿海地區的品牌知名度,有助於當地收生。

考慮到可換股債券轉換後的不確定性,匯豐研究將目標價由3.2元略微下調至3元,仍較現價有約64%的上升空間。

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