标题：Glarun Technology AlertAdjusting share-based financials and price target post stock dividend
发布日期：2016-03-21 10:21:04
内容： Following Glaruntech’s stock dividend (8 bonus shares for every 10 existingshares) implemented on March 17, 2016, we have adjusted our share-basedfinancials (EPS, BPS, etc.) and price target based on the enlarged share counts(to 463mn shares from the prior 257mn shares or an 80% increase). We keepour fundamental views, our Buy rating and non-share-based estimatesunchanged, with an adjusted price target of Rmb34.44/share purely driven bythe stock dividend. For our latest views on the stock, please refer to the research reports below:Glarun Technology Alert – Positive implications from sister listco’s restructuringannouncement, dated 11 March 2016 (click here) Glarun Technology – Strengthening radar signals; initiating with Buy, dated 15February 2016 (click here)
发布日期：2016-03-21 10:21:04
内容： Following Glaruntech’s stock dividend (8 bonus shares for every 10 existingshares) implemented on March 17, 2016, we have adjusted our share-basedfinancials (EPS, BPS, etc.) and price target based on the enlarged share counts(to 463mn shares from the prior 257mn shares or an 80% increase). We keepour fundamental views, our Buy rating and non-share-based estimatesunchanged, with an adjusted price target of Rmb34.44/share purely driven bythe stock dividend. For our latest views on the stock, please refer to the research reports below:Glarun Technology Alert – Positive implications from sister listco’s restructuringannouncement, dated 11 March 2016 (click here) Glarun Technology – Strengthening radar signals; initiating with Buy, dated 15February 2016 (click here)
