<Research>UBS: Liquidity Concerns for SEAZEN (01030.HK) to Ease; Rating Upgraded to Neutral
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2025/06/24 02:31 GMT
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SEAZEN (01030.HK)  +0.100 (+4.329%)    Short selling $4.95M; Ratio 9.048%   recently completed the issuance of US$300 million offshore bonds, becoming the first Chinese private developer to successfully issue USD bonds since 2022, UBS released a research report saying. This reflects an improvement in its financial condition.

It is currently estimated that SEAZEN can obtain approx. RMB16.7 billion in operating property loans through its shopping malls, which is sufficient to repay its outstanding RMB 9 billion debt. The broker believed that market concerns about the Company's liquidity will ease.

Therefore, UBS upgraded SEAZEN from Sell to Neutral, suggesting that the worst period may be over, and added its target price from $1.2 to $2.5. However, considering that sales and profits are still under pressure, the broker lowered its 2025-2027 profit forecasts for SEAZEN by 45-57%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-07 16:25.)

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<Research>UBS: Liquidity Concerns for SEAZEN (01030.HK) to Ease; Rating Upgraded to Neutral
SEAZEN (01030.HK) recently completed the issuance of US$300 million offshore bonds, becoming the first Chinese private developer to successfully issue USD bonds since 2022, UBS rel...
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