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瑞銀和瑞信下調和黃目標價 @ 2014-03-24T12: Back Hot News
Keyword:和黃 屈臣氏 瑞銀 大行報告 目標價
Concept:和黃目標價
瑞信及瑞銀則將焦點放在和黃旗下屈臣氏零售業務的表現,當中瑞信相信,若屈臣氏成功分拆,將可為和黃每股釋放32元價值。瑞銀更期望,管理層在業績中,會為屈臣氏潛在的分拆上市計劃提供更多資料。
和黃指零售部門於該交易之估值1,770億元,相等於每股約41.50元。按照瑞銀於去年10月的報告,曾評估屈臣氏的估值高達2,060億元(包括190億元百佳),或相當每股48元,此按相當預測2014年EBITDA的14倍估值,若按瑞銀先前預測估值,即和黃今次出售屈臣氏24.95%股權的代價,相當預測2014年EBITDA的12倍估值。

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