金吾财讯 | 长和(00001)延续升势，截至发稿，涨11.04%，报52.3港元，成交额25.63亿港元。消息面上，花旗表示，预计长和持有80%权益的港口资产(不包括和记港口信托以及香港和内地港口)的企业价值为978亿港元(约126亿美元)。这远低于公告中披露的100%企业价值227.65亿美元。若按初步基本条款完成交易，此处置将显著提升长和的价值。若完成出售，估计长和2025年的EBITDA将减少约10%。截至2024年6月底，长和的总债务为2,780.17亿港元。花旗预计，若将潜在190亿美元销售收益的一部分用于偿债，净负债率可能降至20%以下。里昂表示，此次出售作价较其港口估值高出43%，预计将使长和的整体预测今年资产净值提升13%。一旦交易完成，集团综合资产负债表将转为净现金状况。该行认为，从收益中向股东返还现金是合理的，而目前长和股价较资产净值折价56%。
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