有传长和(00001.HK) 计划分拆全球电信资产于伦敦证券交易所上市，瑞银发表研报指，分拆实体或包括集团在欧洲、香港及东南亚的电讯业务，估值料介乎100亿至150亿英镑，意味着企业价值对EBITDA比率(EV/EBITDA)介乎4.1倍至6.3倍，对比该行对长和每股资产净值估值中所使用的EV/EBITDA比率为约5倍，以及欧洲同业水平为约6.5倍。
假设长和在今次潜在分拆中出售34%的持股，即是保留66%的股权，瑞银估算每股可回收7港元至11.5港元的资金，并为每股资产净值(NAV)带来8.8港元的损失，假设每股NAV折让率为45%，则对股价的影响为每股4.9元。
瑞银指，若长和将所得资金用于回馈股东，包括进行股份回购或派发股息，估计可令股价上升2.2至6.6港元。瑞银目前对长和评级为“买入”，目标价59.5港元。(gc/da)(港股报价延迟最少十五分钟。沽空资料截至 2025-03-31 16:25。)
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