《大行報告》瑞銀:吉利(00175.HK)旗下極氪引資屬里程碑 但料已反映在股價上
就吉利汽車(00175.HK)公布上周五(27日)為旗下極氪智能科技與五名投資者訂立購股協議,合共發行1.26億股Pre-A系列優先股,總代價為5億美元,瑞銀表示,引資將令吉利對極氪持股量由51%攤薄至48%,但仍保持控股權,即引資對極氪的估值達89億美元(約580億人民幣),該行認為極氪引資將令人印象深刻,料該事件對吉利影響屬適度正面。
該行指,極氪智能科技與五名投資者訂立購股協議包括寧德時代(300750.SZ)、洛陽鉬業(03993.HK)之控股股東鴻商集團、嗶哩嗶哩(09626.HK)及博裕投資,指投資者背景均具高質素,令投資者憧憬引資及長期合作將可帶來協同效應,包括在自動駕駛圖形處理器、新能源汽車電池和信息娛樂內容的協同作用,指極氪融資屬其主要里程碑。
瑞銀稱,引資對極氪的估值達89億美元(約580億人民幣),雖未達到該行對極氪估值預測,但相信其會按預期推進發展及最終分拆上市。該行維持對吉利「中性」評級及目標價26元,並已考慮到吉利所持有51%權益的極氪估值為1,180億人民幣(相當於2022年企業價值對收入的12倍),指極氪估值因素已反映在吉利股價之上。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of this article is for reference only. It does not constitute an offer, solicitation, recommendation, opinion or guarantee of any securities, financial products or instruments.The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance.