New Bond Analysis: 30 Billion Yuan Liugong Convertible Bonds and Lushan Convertible Bonds
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Next are two new bond analyses:
01
Convertible Bond Name: Liugong (000528) Convertible Bonds 2
Subscription Time: March 27th
Signed-up Payment Date: March 29th
Company Profile:
LiuGong's main business is the research, production, sales, and service of engineering machinery and key components.
The company has achieved a compound annual growth rate (CAGR) of 16.63% in revenue over the past three years and 7.89% in net profit, with excellent revenue growth but relatively low net profit growth.
Analysis: The net profit decreased by 42.45% year-on-year last quarter, indicating that the company is in a mid-range industry position, with relatively low attention from investors and average investment value.
Bond Characteristics:
Bond Scale: 30.00 billion yuan
Bond Rating: AAA
Conversion Value: 84.24 yuan
Expected First-day Premium Rate: Around 41%
Analysis: The bond scale is large, with a high rating and low conversion value, resulting in a relatively low premium rate. Based on the performance of similar bonds, such as Huayuan Convertible Bonds, Liugong Convertible Bonds are expected to be priced around 119 yuan when listed.
02Convertible Bond Name: Lushan Convertible Bonds
Subscription Time: March 27th
Signed-up Payment Date: March 29th
Company Profile:
Lushan New Materials' main business is the research, production, and sales of high-performance, green environmental protection adhesives.
The company has achieved a compound annual growth rate (CAGR) of 30.23% in revenue over the past three years and 33.08% in net profit, with excellent revenue growth and profit growth.
Analysis: The stock is undervalued, with last quarter's net profit growing by 29.04%. The company is in a mid-range industry position, with relatively low attention from investors and average investment value.
Bond Characteristics:
Debt Scale: 5.24 billion yuan
Bond Rating: A+
Conversion Value: 90.33 yuan
Expected First-day Premium Rate: Around 31%
Analysis: The bond scale is small, with a relatively low rating and conversion value, resulting in a relatively low premium rate. Based on the performance of similar bonds, such as Bai Chen Convertible Bonds, Lushan Convertible Bonds are expected to be priced around 118 yuan when listed.
This article was first published on WeChat Public Number: Cereal Finance. The content is the author's personal opinion and does not represent Hexun's stance. Investors should operate based on this information at their own risk.