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《大行》花旗:百佳惠康潛在合併面臨可行性及耗時甚長關鍵風險
花旗發表報告,提到英國《金融時報》上周五(17日)引述知情人士指,DFI零售集團的母公司怡和正與長和(00001.HK)商討收購後者的超市業務(主要為屈臣氏集團旗下的百佳),並可能將其與DFI在香港的自家超市業務(主要為惠康)進行合併。怡和/DFI不予置評,長和則未回應。雖然花旗理解此潛在合併案背後的戰略邏輯-打造本地最大單一連鎖超市以應對香港境內外競爭對手...
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《大行》花旗:百佳惠康潛在合併面臨可行性及耗時甚長關鍵風險
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花旗發表報告,提到英國《金融時報》上周五(17日)引述知情人士指,DFI零售集團的母公司怡和正與長和(00001.HK)  -0.550 (-0.843%)    Short selling $85.84M; Ratio 22.553%   商討收購後者的超市業務(主要為屈臣氏集團旗下的百佳),並可能將其與DFI在香港的自家超市業務(主要為惠康)進行合併。怡和/DFI不予置評,長和則未回應。雖然花旗理解此潛在合併案背後的戰略邏輯-打造本地最大單一連鎖超市以應對香港境內外競爭對手。但花旗強調,鑑於香港的反壟斷法規以及DFI管理層對投資回報率/股東總回報的要求,此交易在可行性及可能耗時甚長方面存在關鍵風險。無論交易是否成真,花旗對DFI的投資論點維持不變。

該行料DFI零售首季業績穩固,銷售有望勝預期,展開30日上行短期看法。(da/a)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-27 16:25.)

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