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CLSA Keeps JD-SW (09618.HK) TP at US$41, Rating Outperform
Recommend 8 Positive 13 Negative 5 |
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JD-SW (09618.HK) announced a voluntary cash offer of EUR4.6 per share to acquire German electronics retailer Ceconomy, CLSA published a research report saying. Meanwhile, the Company reached an agreement with Ceconomy's largest single shareholder, Convergenta, who agreed to transfer a 3.81% stake in Ceconomy to JD-SW. Along with several shareholders' approval, a total of 31.7% of shares accepted JD-SW's acquisition proposal. CLSA expected the Group's CAGR for 2026-2030 revenue to be 4%, with an adjusted EBITDA profit margin reaching 5% within five years. The broker rated JD-SW at Outperform, and kept its target price at US$41. AASTOCKS Financial News Website: www.aastocks.com |
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