New Bond Analysis | Zhongqi Convertible Bond
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Bond Name: Zhongqi Convertible Bond
Application Time: March 3rd
Subscription Payment Date: March 7th
Company Profile:
Zhongqi New Materials mainly engages in the research, production, sales, and service of artificial quartz decorative materials.
The company's revenue growth rate over the past three years has been 8.69%, with a net profit growth rate of 17.77%. Revenue growth is relatively low, while net profit growth is excellent.
Analysis: The fair value of the stock is reasonable, and the net profit decreased by 35.75% year-on-year in the third quarter last year. The company is in a mid-tier position in the industry, with low attention to capital and moderate investment value.
Bond Features
Bond Scale: ¥5.40 billion
Bond Rating: A+
Conversion Value: ¥102.11
Estimated First-Day Premium Rate: Around 20%
Analysis: The bond scale is relatively small, and the rating is slightly lower. The conversion value is good, and the current premium rate is relatively low. Refer to the recently listed Puteai Convertible Bond for a predicted listing price of around ¥123.
This article was first published on WeChat Public Number: Cai Niao Finance. The content is the author's personal opinion and does not represent the position of Hexun.com. Investors are advised to take risks at their own discretion.