长实集团(01113.HK)涨逾半成创16个月高 回购建议获接纳摩通升价至67元
长实集团(01113.HK)以每股51元回购建议获4.11亿股有效接纳,摩通随即升长实目标价22%至67元,该股继昨天整固後,今早突破本月上旬所创52周高位50.5元,最高见52.6元,接近去年1月下旬下跌裂口顶部,现造52.55元,回升5.5%,为最强蓝筹,成交已达1,867万股,涉资9.56亿元。
长实集团公布,有关今年3月建议以每股51元发行股份向李嘉诚基金会收购四项英国及荷兰资产建议已於本月21日完成。股份回购要约接获涉及合共4.11亿股有效接纳,相当於回购数目上限3.8亿股的108.17%及占公司股本10.21%,应付代价193.8亿元。回购股份注销後,控股股东集团(包括李嘉诚基金会)持股将由目前41.29%增至45.60%。
摩通相信建议计划结果对长实股价最新威胁已消除,同时显示投资者相信其股价值得多於51元回购价,而李嘉诚增持9%也可视为对集团盈利、现金水平及派息投下信心一票。基於资产净值折让40%,或明年预测市盈率11倍,摩通升长实目标价22%至67元,维持「增持」评级。此外,大摩也认为相关收购及回购建议获接纳,对於现有独立股东而言不会摊薄股权,但负债率会上升,该行料上述计划可令每股股息将至少增加至2.07港元(按年增长15%),意味着股息回报为4.2厘,维持看长实50元。
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