Convertible Bond Analysis 02|Dah Sing Convertible Bond

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Convertible Bond Name: Dah Sing Convertible Bond 02

Subscription Time: April 7th

Maturity Date: April 11th

Company Profile:

Dah Sing Technology's main business is the research, production, and sales of new energy battery materials and inorganic non-metallic ceramic materials. New Energy is the main business.

The company has achieved a compound annual growth rate (CAGR) of 22.82% for revenue and 36.66% for net profit over the past three years, with excellent growth prospects for both revenue and net profit.

Analysis: The stock is undervalued, with a year-on-year decrease in net profit of 66.09% in the third quarter last year. The company is in the mid-stream of its industry, with low attention from investors, making it an average investment opportunity.

Convertible Bond Features

Bond Scale: RMB 26.00 billion

Bond Rating: AA-

Conversion Value: RMB 100.26 per share

Expected First-Day Premium Rate: around 30%

Analysis: The bond scale is large, and the rating is slightly lower than expected. The conversion value is reasonable, with a relatively low premium rate expected for the first day of listing. This is similar to the previous Li-Ko Convertible Bond, which listed at around RMB 130 per share.

This article was originally published on WeChat Public Number: Cabbage Finance. The opinions expressed in this article are the author's personal views and do not represent the position of Hexun.com. Investors should exercise caution when making investment decisions based on this information.