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Weimob's Strategy Could Drive Long-Term Growth -- Market Talk

Weimob's Strategy Could Drive Long-Term Growth -- Market Talk

Weimob的战略可能推动长期增长--市场谈话
Dow Jones Newswires ·  2021/06/13 22:51

DJ Weimob's Strategy Could Drive Long-Term Growth -- Market Talk

DJ Weimob的战略可能推动长期增长--市场谈话

0251 GMT - Weimob's recent fund-raising and push into more research and development could continue to drive its long-term growth, UOB Kay Hian says. The company has recently issued US$300 million worth of zero coupon convertible bonds in a private placement, for which the proceeds could go toward research and development, as well as potential M&A activity. The brokerage views the fundraising as being timely amid intensifying competition in the e-commerce sector. UOB maintains its target price of HK$25.00 and its buy rating, as it remains optimistic on Weimob's smart retail business. Shares last closed 0.8% lower at HK$17.42. (yiwei.wong@wsj.com)

0251GMT-大华银行凯贤(UOB Kay Hian)表示，微众最近的筹资活动以及对更多研发的推动可能会继续推动其长期增长。该公司最近以私募方式发行了价值3亿美元的零息可转换债券，所得资金可能用于研发以及潜在的并购活动。该经纪公司认为，在电商行业竞争日益激烈的情况下，此次融资是及时的。大华银行维持目标价25.00港元及买入评级，因仍看好微众的智慧零售业务。该股尾盘收低0.8%，报17.42港元。(yi wei.wong@wsj.com)

(END) Dow Jones Newswires

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June 13, 2021 22:51 ET (02:51 GMT)

2021年6月13日22：51美国东部时间(格林尼治标准时间02：51)

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