New Bond Analysis - Zhejiang Mining Convertible Bond and Yaxiao Convertible Bond
Previous "New Bond Analysis" articles can be searched by clicking on the topic label above.
And now, two new bond analyses are as follows:
01
Zhejiang Mining Convertible Bond
Subscription Time: March 9th
Signed Payment Date: March 13th
Company Basic Information:
Zhejiang Mining Group's main business is the development, design, production, sale, and service of large-scale mining equipment and resource recycling utilization equipment.
The company's compound growth rate for revenue over the past three years was 24.60%, while its net profit compound growth rate was 28.48%. The revenue growth trend is excellent, and the net profit growth trend is also excellent.
Analysis: The stock valuation is reasonable, with a year-on-year increase in net profit of 18.12% last quarter. The company is in the middle of the industry, with low attention from investors, making it generally worth investing.
Bond Features:
Bond Scale: 3.20 billion yuan
Bond Rating: AA-
Conversion Value: 100.80 yuan
Expected First-Day Premium Rate: around 30%
Analysis: The bond scale is relatively small, with a lower rating, and the conversion value is decent. At current premiums, it's expected to be priced around 131 yuan.
02
Yaxiao Convertible Bond
Subscription Time: March 9th
Signed Payment Date: March 13th
Company Basic Information:
Yaxiao Technology's main business is the development, production, and sale of high-performance aluminum extrusion materials.
The company's compound growth rate for revenue over the past three years was 18.77%, while its net profit compound growth rate was 6.89%. The revenue growth trend is excellent, but the net profit growth trend is relatively low.
Analysis: The stock valuation is relatively low, with a year-on-year increase in net profit of 7.21% last quarter. The company is in the middle of the industry, with low attention from investors, making it generally worth investing.
Bond Features:
Bond Scale: 11.59 billion yuan
Bond Rating: AA
Conversion Value: 100.46 yuan
Expected First-Day Premium Rate: around 22%
Analysis: The bond scale is still acceptable, with a generally good rating, and the conversion value is decent. At current premiums, it's expected to be priced around 123 yuan.
This article was first published on WeChat Public Number: Cai Niao Financial Planning. The article content represents the author's personal opinions and does not represent the position of Huoxun News. Investors are advised to operate accordingly, with risk shouldered.