《大行報告》高盛降碧桂園服務(06098.HK)目標價至102元 評級「買入」
高盛發表研究報告,指碧桂園服務(06098.HK)繼上周五(21日)獲宣布「染藍」後,本周二(25日)宣布以每股75.25元配售1.39億股新股,較周一收市價折讓約6%,相當於經擴大後股本4.35%,淨籌104.24億元;並發行零息可轉換票據,淨籌50.03億元。
計及配股完成及CB全面轉換後,高盛指,碧桂園服務料擴大總股本約6%,淨籌共約154.27億元,即約127億元人民幣,相當於去年底公司現金結餘的約84%。倘撇除用於收購藍光嘉寶的90億元人民幣估算,現金結餘料倍升。
高盛更新模式以反映配股及CB全面轉換後股本增加,下調2021至2023年各年每股盈測分別4%、6%及6%,未來12個月目標價相應下調6%,由109元降至102元,意味上行空間31%。該行料公司強勁盈利增長動力持續,維持「買入」評級。
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