波司登(3998.HK)短期股價波動帶來買入窗口,機構看好流動性與基本面前景
今日,羽絨服龍頭波司登遭遇股價大幅下挫,引發了市場的廣泛關注。
消息面上,波司登早間發佈公吿稱,董事局主席高德康同意按每股4.31港元的價格配售4億股股份,出售股份佔該公司已發行股份總數的約3.64%,所得款項將用於賣方資金需求和慈善事業發展;預計配售將於7月5日完成。
對此,波司登方面予以迴應,表示“本次的配售主要為了優化公司股東結構、釋放公司在公眾持股市場的流動性,並引入更多優質的境內外投資者。同時,本次交易中,我們看到了非常踴躍的投資者認購,最終是以多倍訂單覆蓋超額配售的”。
多家機構也相繼發佈研報,投下“信心票”,總體表示此次配售有助於提高市場流動性,波司登的基本增長前景依然穩固。
高盛表示,波司登的配售有助於提高市場流動性,預計其品類擴張/多元化產品供應、以及公司精細化的門店管理和有效的成本控制等將支持FY25收益增長,重申買入評級,目標價為4.31港元。
花旗表示,對於波司登的配售,預計短期內市場存在負面情緒,並重申其基本面沒有變化。從根本上説,其預計波司登將憑藉其在品類細分、全渠道敏捷性、供應鏈效率和數字化方面的增強能力,保持行業領先地位,給予其買入評級,目標價為5.45港元。
實際上,市場對配售行為的誤解導致股價短期內大幅波動的案例已不少見。面對這類情況時,投資者更應該仔細分析公司的基本面和市場環境,避免因市場情緒而做出衝動的決策。
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