New Bond Analysis: Huate Bond, Yakang Bond
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Next are two new bond analyses:
01
Huate Bond Name: Huate Convertible Bond
Subscription Time: March 21st
Payment Date for Successful Applicants: March 23rd
Company Profile:
Huate Gas Company's main business is the production and sale of special gases, ordinary industrial gases, and related gas equipment and engineering.
The company's compound growth rate for revenue over the past three years was 18.07%, and its compound growth rate for net profit was 23.86%. Revenue growth was excellent, and net profit growth was excellent.
Analysis: The stock price is at a relatively high level, with a year-on-year increase in net profit of 80.59% in the third quarter last year. The company is in the mid-range of its industry, with low attention from investors, and investment value is general.
Bond Features:
Bond scale: CNY 6.46 billion
Bond rating: AA-
Conversion value: CNY 102.56
Expected first-day premium rate: around 27%
Analysis: The bond scale is relatively small, and the credit rating is slightly lower than average. The conversion value is good, and the current premium rate is relatively low. Reference has been made to the already-listed Nanfang Bond, with an expected listing price of around CNY 130.
02
Subscription Time: March 21st
Payment Date for Successful Applicants: March 23rd
Company Profile:
The company's compound growth rate for revenue over the past three years was 2.50%, and its compound growth rate for net profit was 8.07%. Revenue growth was relatively low, and net profit growth was relatively low.
Analysis: The stock price is at a relatively medium level, with a year-on-year increase in net profit of 6.29% in the third quarter last year. The company is in the mid-range of its industry, with low attention from investors, and investment value is general.
Bond Features:
Bond scale: CNY 2.61 billion
Bond rating: A+
Conversion value: CNY 100.13
Expected first-day premium rate: around 27%
Analysis: The bond scale is relatively small, and the credit rating is slightly lower than average. The conversion value is good, and the current premium rate is relatively low. Reference has been made to the already-listed Hongtu Bond and AoFei Bond, with an expected listing price of around CNY 127.