Big trip to buy postpartum to send special interest Luo Jiarui or take the opportunity to increase holding eagle king
(02778) Once the successful sale of the office building in Langham Place, Mong Kok, Guan Jun and the parent company Eagle King Group (00041) have the opportunity to distribute a special dividend. Among them, CITIC Lyon According to past records estimates, Eagle Jun Chairman Luo Jialui will be the special interest holdings of the company shares, expected to support the stock price of Eagle.
Eagle King Chairman Luo Jiarui may sell the Langhao Square office of the special interest repurchase shares.
Individual holdings can earn 367 million
However, the two companies after the recent rise in share prices yesterday, with the market down and adjust. Eagle Jun and Crown were slightly 0.49% and 0.37%, respectively, to close at 40.2 yuan and 5.35 yuan.
CITIC Lyon study pointed out that the Langham Square office building is not located in the core business district, nor the sea property, the attractiveness of the mainland buyers greatly reduced, and the price of 10 billion yuan at every turn, local buyers will feel expensive. So the bank estimated that six months to successfully sell the opportunity rate of about 60%.
The bank also estimated that the sale of the property after the eagle’s special dividend or up to 3 yuan per share, the dividend yield of 7.4%. To Luo Jiarui personal holdings can be received 367 million yuan, as he used to repurchase shares, the scale will be considerable. The line will be eagle Jun investment rating from the “sale” raised to “underperform”, the target price of 41 yuan.
Bank of America Merrill Lynch said the main capital expenditure on Eagle’s business, including the Whitehead Corner Project and Tokyo’s hotel reconstruction has received stable financing, there is no financial pressure, external and lack of other investment opportunities. So the bank estimates that once the successful sale of Langham Square office building, the eagle will follow the crown to pay a considerable amount of dividends, and estimated to 4 to 5 yuan per share. Luo Jialui has been holding shares in the past, as he continued, it can bring support for the stock price. So the line to maintain Eagle investment rating “buy”, the target price increased 12.5% to 45 yuan.