Core Viewpoint - Bank of America Securities has a positive outlook on Everbright Environment's plan to issue RMB shares for listing on the Shenzhen Stock Exchange, with an issuance scale not exceeding 800 million shares, aimed at developing its main business and supplementing working capital [1] Group 1: Share Issuance and Use of Proceeds - Everbright Environment plans to issue up to 800 million RMB shares on the Shenzhen Stock Exchange [1] - The funds raised are expected to be used for the development of its main business and to supplement working capital [1] Group 2: Market Impact and Investor Sentiment - The issuance is anticipated to provide shareholders with a clearer dividend policy and trigger a potential re-rating of the company's valuation [1] - Approximately 31% of Everbright Environment's shares are currently held by investors through the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programs [1] - The expected issuance of RMB shares is likely to attract a broader base of domestic investors, including insurance funds and mutual funds, which traditionally prefer utility stocks and dividends [1] Group 3: Analyst Rating and Target Price - Bank of America Securities reaffirms a "Buy" rating for Everbright Environment, with a target price set at HKD 5.3 [1]
大行评级丨美银：对光大环境拟发A股看法正面 重申“买入”评级