According to a report published by Jefferies, with regard to Lingzhan's announcement of a five-for-one share offering of HK$18.8 billion, the bank believes that this transaction will reduce the estimated book value of the diluted market and profit measurement per share by about 8% to 10%, and provide Lingzhan management with more opportunities for space exploration to increase revenue. The bank said it maintains a positive view on the long-term prospects of Lingzhan, and pointed out that under Lingzhan's stock offering, peers may face pressure from capital flows and concerns caused by new share capital. The bank maintained its lead target price of HK$69 and purchase rating.
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富瑞:维持领展房产基金目标价69港元及买入评级
Jefferies: Maintains the target price and purchase rating of the Leading Real Estate Fund at HK$69
Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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