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<Research>M Stanley Lifts SEAZEN's TP to HKD3.17, Anticipates Multiple Financings to Reduce Total Borrowings
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SEAZEN (01030.HK) has recently undertaken various financing activities, including the issuance of USD bonds and share placements in February, according to Morgan Stanley's research report. Moreover, SEAZEN has also submitted an application to the China Securities Regulatory Commission for public REITs, intending to sell its undervalued shopping mall assets. Morgan Stanley believes SEAZEN's initiatives will lower its total borrowings and interest expenses. Enhancing cash flow will also significantly reduce its liquidity risk. The broker has raised its target price for SEAZEN from HKD2.77 to HKD3.17, with a rating of Overweight. AASTOCKS Financial News |
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