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Yamato released a research report stating that it has reaffirmed Bijiao Technology's “buy” rating and has a positive attitude towards the company's allotment financing. Bijiao Technology announced before the market on October 8 that it plans to issue 130 million shares at HK$31.08 per share, raising HK$4 billion, at a 9.76% discount from the closing price of HK$34.40 on October 7. Although the share issuance is expected to dilute the expected profit per share by about 5% in 2027, the bank remains positive because it shows progress in the development of the company's flagship product BR20x.
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Yamato released a research report stating that it has reaffirmed Bijiao Technology's “buy” rating and has a positive attitude towards the company's allotment financing. Bijiao Technology announced before the market on October 8 that it plans to issue 130 million shares at HK$31.08 per share, raising HK$4 billion, at a 9.76% discount from the closing price of HK$34.40 on October 7. Although the share issuance is expected to dilute the expected profit per share by about 5% in 2027, the bank remains positive because it shows progress in the development of the company's flagship product BR20x.
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