20150623-国泰君安(香港)-华润创业(0291):REVISED_BINDING_DISPOSAL_PROPOSAL,MAINTAIN_“NEUTRAL”-304008

$华润创业(hk00291)$
Revise up TP to HK$ 24.12 and maintain the investment rating as“Neutral”.We adopt the sum-of-the-parts method to derive the TP of CRE before the restructure.The beer business equals HK$ 11.20 per share,corresponding to 31.0x 2015 PER and 1.91x 2015 PBR.Together with revised partial cash offer and special dividend,we raise TP to HK$ 24.12 and maintain the investment rating as“Neutral”.
查看PDF
格隆汇声明:文中观点均来自原作者,不代表格隆汇观点及立场。特别提醒,投资决策需建立在独立思考之上,本文内容仅供参考,不作为实际操作建议,交易风险自担。

相关股票

相关阅读

评论