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《大行》高盛:長和(00001.HK)出售VodafoneThree 49%股權料提升備考基準盈利7%
高盛發表報告指,長和(00001.HK)昨天(5日)宣布,同意以現金代價43億英鎊,向其合作夥伴Vodafone出售其在英國電訊業務VodafoneThree的49%股權。交易有待監管機構批准,料今年下半年完成。該行認為,此舉並不令人意外,但出售時間較預期早,這或反映Vodafone管理層對英國市場前景的信心。該行預計,交易將為長和帶來47億港元的出售收益。...
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《大行》高盛:長和(00001.HK)出售VodafoneThree 49%股權料提升備考基準盈利7%
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6
 
 

高盛發表報告指,長和(00001.HK)  +2.900 (+4.137%)    Short selling $83.08M; Ratio 15.831%   昨天(5日)宣布,同意以現金代價43億英鎊,向其合作夥伴Vodafone出售其在英國電訊業務VodafoneThree的49%股權。交易有待監管機構批准,料今年下半年完成。該行認為,此舉並不令人意外,但出售時間較預期早,這或反映Vodafone管理層對英國市場前景的信心。

該行預計,交易將為長和帶來47億港元的出售收益。若假設該公司如同過去般將約40%的此類收益以股息形式分派,即與其盈利派息比率一致,這將意味著每股股息增加0.5港元(相對2025財年的2.31港元)。

從財務影響來看,長和旗下VodafoneThree去年6月至12月,錄得4,900萬英鎊的稅後虧損,按年化計算為8,400萬英鎊或8.9億港元。高盛估計,在沒有這部分虧損以及來自43億英鎊出售所得款項的額外現金利息收入下,該交易將以備考基準提升長和集團盈利約7%或20億港元。交易亦會將其淨負債對總資本比率,由2025財年末的13.9%降至8.8%。

高盛並未對長和(00001.HK)  +2.900 (+4.137%)    Short selling $83.08M; Ratio 15.831%   給予評級。該行指出,除了出售英國電訊業務外,傳媒報道亦指長和集團考慮將其其他電訊業務分拆上市或出售予當地主要營運商。(hc/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-07 12:25.)

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