GO
| HSI1 | 26,559.95 | -325.29 | 247.87B |
| HSCEI1 | 9,031.38 | -61.96 | 92.09B |
| Back Zoom + Zoom - Block Traded | |
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2026-02-06 15:15:25 The share placement by SEAZEN (01030.HK) is a tactical move, potentially a precursor to refinancing its USD bonds, HSBC Global Research issued a research report saying. Despite renewed focus on liquidity pressures, the broker remained positive about SEAZEN's reduced exposure to property development and its diversified financing channels. HSBC Global Research raised its earnings forecasts, reflecting a faster-than-expected contraction in property development business exposure. The broker kept rating at Buy, and cut its target price from $3.3 to $3.2. On Thursday (5th), SEAZEN announced a share placement of 198 million new shares at a price of $2.39 per share, raising total proceeds of approx. $473 million. The stock once tumbled 14% during Thursday's morning session, and the broker believed that the market may have overlooked the strategic intent behind this move. This is not a sign of liquidity stress; rather, it is interpreted as a tactical step to proactively demonstrate SEAZEN's ability to access equity capital. ~ AASTOCKS Financial News Website: www.aastocks.com | |