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万华化学(600309)
研报日期:2018-06-05 万华化学(600309) Value and EPS accretive acquisition; reiterate Buy with c.45% upside Wanhua Chemical (WHC) announced restructuring plan which to acquire WanhuaNingbo, BorsoChem (BC), and others chemical related companies from parentcoby doing shares swap, with a total consideration of RMB12.3bn; WHC will issue406mn shares (c.15% of existing shares) at RMB30.43/share (16% discount toshare price). We expect the deal is EPS accretive and would be +26%/+13%for 2018/19E. However, ROE would be flat after completion. Moreover, the dealimplied P/E would be 2.6x/3.4x in 2018/19E, and ar
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神圣剑帝1:
德意志银行有中文的吗
浩瀚辰星:
德银也来推万华化学了。
股友2y6ppi:
装什么逼,用英文!机构是哪方妖怪?赶紧死一边去!万华PE已高,负债百万之五十多,没什么投资价值了!
小太阳114:
德意志银行的研报,向来有水准!
egozl:
重点就是给出了53的今年目标,但是53元对应的市盈率仍然低于万华平均市盈率16%,也就是说其实应该在53的基础上再上涨16%,也就是61.48元的目标价
我要一签:
看到目标价了,读的好艰难,哈哈
多久没用英语了
全球万华:
外资预测53元是起点。。。