《大行报告》高盛降碧桂园服务(06098.HK)目标价至102元 评级「买入」
高盛发表研究报告,指碧桂园服务(06098.HK)继上周五(21日)获宣布「染蓝」後,本周二(25日)宣布以每股75.25元配售1.39亿股新股,较周一收市价折让约6%,相当於经扩大後股本4.35%,净筹104.24亿元;并发行零息可转换票据,净筹50.03亿元。
计及配股完成及CB全面转换後,高盛指,碧桂园服务料扩大总股本约6%,净筹共约154.27亿元,即约127亿元人民币,相当於去年底公司现金结余的约84%。倘撇除用於收购蓝光嘉宝的90亿元人民币估算,现金结余料倍升。
高盛更新模式以反映配股及CB全面转换後股本增加,下调2021至2023年各年每股盈测分别4%、6%及6%,未来12个月目标价相应下调6%,由109元降至102元,意味上行空间31%。该行料公司强劲盈利增长动力持续,维持「买入」评级。
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.