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《大行報告》高盛:蒙牛(02319.HK)具充足流動性支持私有化雅士利(01230.HK)
高盛發表報告,重申對蒙牛(02319.HK)的評級為「買入」,目標價為57.4元。 高盛指,蒙牛與達能解除現有關係,並向達能收購雅士利(01230.HK)25%股權,每股作價1.2元,較上交易日(6日)收報0.92元,溢價30.4%,現金代價14.24億元。完成後,蒙牛將按相同價格以協議安排方式將雅士利私有化,涉資最多13.66億元。 該行認為,上述舉措是蒙牛加快配方奶粉增長戰略的措施。在融資方面,該行指蒙牛有足夠的流動性來支持私有化協議,因其現金餘額達112.17億元人民幣,以及去年營運現金流量達75.45億元人民幣。
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