富瑞发布研报称,五矿资源(01208)宣布透过配股及发行可换股债券,以募集16亿美元。该行续予五矿资源“持有”评级,目标价10港元。该行认为五矿资源股票的风险回报平衡,但在铜价上升的环境下,这些股票最有可能出现升势。
该行认为,这种混合结构降低了五矿资源的加权平均资本成本(WACC),同时保留了对铜价的完全杠杆效应。整体而言,虽然配股将于短期内对股价构成暂时的负面影响,但这次集资在公司层面上对中长期增长和战略定位仍属于正面。
责任编辑:卢昱君
富瑞发布研报称,五矿资源(01208)宣布透过配股及发行可换股债券,以募集16亿美元。该行续予五矿资源“持有”评级,目标价10港元。该行认为五矿资源股票的风险回报平衡,但在铜价上升的环境下,这些股票最有可能出现升势。
该行认为,这种混合结构降低了五矿资源的加权平均资本成本(WACC),同时保留了对铜价的完全杠杆效应。整体而言,虽然配股将于短期内对股价构成暂时的负面影响,但这次集资在公司层面上对中长期增长和战略定位仍属于正面。
责任编辑:卢昱君
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