<p><strong>它坚持其估计的股价范围为新加坡元 0.35 至 0.361。</strong></p>
<p>W Capital Markets，作为金光置地的独立财务顾问（IFA），对近期媒体报道和新加坡证券投资者协会（SIAS）提出的关于公司私有化报价的估值担忧作出了回应。</p>
<p>该公司为其使用的部分总和（SOTP）估值方法辩护，表示这是一个被广泛接受且合适的方法。</p>
<p>W Capital Markets 坚持其估计的股价范围为新加坡元 0.35 至 0.361，这反映了金光置地资产的价值，包括其在印尼上市的子公司。</p>
<p>该公司还指出，所使用的估值方法经过仔细考虑，考虑了公司的企业结构和其子公司的独立管理。</p>
<p>针对关于未上市资产估值中存在&#34;双重折扣&#34;的担忧，W Capital Markets 澄清说，适用的 20%-22% 的控股公司折扣是行业标准做法。</p>
<p>该折扣反映了拥有控股公司的风险和挑战，与金光置地剩余资产的估值是分开的。</p>
<p>该公司指出，类似的私有化交易通常以低于 RNAV 的折扣完成，支持了他们方法的有效性。</p>
<p>W Capital Markets 进一步回应了其估值未考虑私有化后潜在变化的说法，强调&#34;在公司不再公开上市时，IFA 的角色不是进行推测和评估根本不同的交易后私有市场估值框架。&#34;</p>
<p>该公司强调，他们的方法与行业实践一致，并基于扎实的专业判断。</p>

金光置地

<p>W Capital Markets，金光置地的独立财务顾问，针对新加坡证券投资者协会的担忧，捍卫其对公司私有化报价的估值为 0.35 新元至 0.361 新元。该公司支持使用分部估值法，解决了 “重复折扣” 等问题，并强调 20%-22% 的控股公司折扣是行业的标准做法。W Capital Markets 坚称其估值方法符合行业标准，并基于专业判断，且不对私有化后的估值进行猜测</p>

<p><strong>It stands by its estimated share price range of S$0.35 to S$0.361.</strong></p>
<div class="lb-trans"><p><strong>它坚持其估计的股价范围为新加坡元 0.35 至 0.361。</strong></p>
</div><p>W Capital Markets, the independent financial advisor (IFA) for Sinarmas Land, has issued a response to recent media reports and concerns raised by the Securities Investors Association (Singapore) (SIAS) regarding its valuation for the company’s privatisation offer.</p>
<div class="lb-trans"><p>W Capital Markets，作为金光置地的独立财务顾问（IFA），对近期媒体报道和新加坡证券投资者协会（SIAS）提出的关于公司私有化报价的估值担忧作出了回应。</p>
</div><p>The firm defended its use of the Sum-of-the-Parts (SOTP) valuation method, stating that it is a widely accepted and appropriate approach.</p>
<div class="lb-trans"><p>该公司为其使用的部分总和（SOTP）估值方法辩护，表示这是一个被广泛接受且合适的方法。</p>
</div><p>W Capital Markets stands by its estimated share price range of S$0.35 to S$0.361, which reflects the value of Sinarmas Land’s assets, including its Indonesian-listed subsidiaries.</p>
<div class="lb-trans"><p>W Capital Markets 坚持其估计的股价范围为新加坡元 0.35 至 0.361，这反映了金光置地资产的价值，包括其在印尼上市的子公司。</p>
</div><p>The firm also pointed out that the valuation methods used were carefully considered, taking into account the company’s corporate structure and the independent management of its subsidiaries.</p>
<div class="lb-trans"><p>该公司还指出，所使用的估值方法经过仔细考虑，考虑了公司的企业结构和其子公司的独立管理。</p>
</div><p>In response to concerns raised about &#34;double discounting&#34; in the valuation of unlisted assets, W Capital Markets clarified that the 20%-22% holding company discount applied is a standard industry practice.</p>
<div class="lb-trans"><p>针对关于未上市资产估值中存在&#34;双重折扣&#34;的担忧，W Capital Markets 澄清说，适用的 20%-22% 的控股公司折扣是行业标准做法。</p>
</div><p>This discount, which reflects the risks and challenges of owning a holding company, is separate from the valuation of Sinarmas Land’s remaining assets, it added.</p>
<div class="lb-trans"><p>该折扣反映了拥有控股公司的风险和挑战，与金光置地剩余资产的估值是分开的。</p>
</div><p>The firm noted that similar privatisation transactions have typically been completed at a discount to RNAV, supporting the validity of their approach.</p>
<div class="lb-trans"><p>该公司指出，类似的私有化交易通常以低于 RNAV 的折扣完成，支持了他们方法的有效性。</p>
</div><p>W Capital Markets further addressed claims that its valuation did not account potential changes after privatisation, stressing that &#34;it is not the IFA’s role to speculate and assess on a fundamentally different post-transaction private-market valuation framework when the Company is no longer publicly listed&#34;.</p>
<div class="lb-trans"><p>W Capital Markets 进一步回应了其估值未考虑私有化后潜在变化的说法，强调&#34;在公司不再公开上市时，IFA 的角色不是进行推测和评估根本不同的交易后私有市场估值框架。&#34;</p>
</div><p>The firm emphasised that their approach is consistent with industry practices and based on solid professional judgment.</p>
<div class="lb-trans"><p>该公司强调，他们的方法与行业实践一致，并基于扎实的专业判断。</p>
</div>

W 资本市场为金光置地的私有化要约辩护其估值