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《大行報告》瑞銀:對滔搏(06110.HK)股東配售不意外 現為入市良機
阿思達克 01-29 10:00
瑞銀發表研究報告指,滔搏(06110.HK)股東CDH Investments以每股12.73至12.93元,出售1.42億股,佔滔搏已發行總股份的2.3%,作價較28日收市價折讓3.5%至5%,預期套現約18.4億元,持股將減少至4.8%。

瑞銀對股東出售股份並不感到意外,因公司於2020年12月股權架構有改變,並且股價至今已上漲16%,折讓水平正面,較去年中的一次股份出售折讓幅度小得多,認為目前是很好的入市時機,市場已部分緩解股東售股的憂慮,流動性堵加,加上滔搏對比其他同業的估值折讓一直在擴大。

該行認為市場尚未將數字化及微信生態系統的潛在轉型價值反映在股價之上,預期滔搏的營業收入及利潤率將改善,予目標價15.18元及「買入」評級,預測2020至2023財年淨利年複合增長率為20%。

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