Understanding the Market | XJ INTL HLDGS Rises Over 14% as Convertible Bond Restructuring Takes Effect Recently; Institutions Optimistic About Valuation Recovery in Higher Education Sector
XJ INTL HLDGS rose over 14%, reaching HKD 0.26, a new high since May last year. As of the time of publication, it rose 14.35%, trading at HKD 0.255, with a transaction volume of HKD 13.8038 million. In terms of news, XJ INTL HLDGS recently announced a memorandum soliciting consent regarding the zero-coupon convertible bonds maturing in 2026, stating that the restructuring prerequisites specified in the revised documents have been met, including the payment of consent fees, and the restructuring effective date occurred on September 11. The announcement indicated that it is expected to redeem the outstanding bonds around September 25 or so. Zheshang Securities pointed out that the recent market expectations for the advancement of profitable registration procedures have improved, which will further alleviate concerns about dividends and overseas debt repayment capabilities. Cinda Securities stated that the private higher education sector is expected to see significant valuation recovery against the backdrop of a general PE of 3-6x (referring to the private higher education sector market that began in October-November 2022). It is recommended to pay close attention to the investment opportunities brought by the valuation recovery in the private higher education sector
According to Zhitong Finance APP, XJ INTL HLDGS (01765) rose over 14%, reaching a high of HKD 0.26, a new high since May last year. As of the time of publication, it rose 14.35%, trading at HKD 0.255, with a transaction volume of HKD 13.8038 million.
On the news front, XJ INTL HLDGS recently announced a memorandum seeking consent regarding zero-coupon convertible bonds maturing in 2026. The revised documents stipulate that the restructuring prerequisites have been met, including the payment of consent fees, and the restructuring effective date occurred on September 11. The announcement indicated that it is expected to redeem the outstanding bonds around September 25 or so.
Zheshang Securities pointed out that recent market expectations for the advancement of profitable registration procedures have improved, which will further alleviate concerns about dividends and overseas debt repayment capabilities. Cinda Securities stated that the private higher education sector is expected to see significant valuation recovery against the backdrop of a general PE of 3-6x (referring to the private higher education sector market that began in October-November 2022). It is recommended to pay close attention to the investment opportunities brought by the valuation recovery in the private higher education sector
