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《大行報告》大和:中海油(00883.HK)A股每股發行價最少13.46元人民幣 較港股有明顯溢價
阿思達克 09-27 15:09
大和發表報告表示,中海油(00883.HK)公布計劃回到上海證券交易所進行A股IPO計劃,目標是藉發行不超過26億股的股票,以籌集350億元人民幣,這意味著每股發行股價至少為13.46元人民幣,較中海油上周五(24日)港股收市價8.07港元有顯著溢價。 該行將中海油A股IPO價格視為中海油H股價重估的基準,但該行認為,由於美國制裁,中海油仍將面臨壓力。同時,公司本次發行26億股,佔中海油現有股本的5.82%,及經擴大後股本的5.5%,而在350億元人民幣的總募集資金中,有300億元人民幣用於境內外項目的開發,該行認為A股IPO是中海油在海外融資較困難的情況下,保持自身快速產能增長的合理舉措。 大和重申對中海油的「跑贏大市」評級,及目標價9元,此目當於預測市賬率0.7倍。
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