BofA
Merrill Lynch, in its latest research report, said the Mainland banks
stocks of higher risk assets and liabilities will benefit more from the
declined interest rates, expecting Mainland banking sector will
outperform against the insurance sector. In the Mainland banking sector,
MINSHENG BANK (01988.HK) +0.110 (+1.478%) Short selling $25.43M; Ratio 7.387% and CCB (00939.HK) +0.020 (+0.357%) Short selling $41.99M; Ratio 5.762%
were chosen as the top picks. Meanwhile, due to Shanghai-Hong Kong
Stock Connect, the valuation of brokerage H shares is much higher than
that of Mainland banks shares, and the former should have limited upside
potential in near term. The research house expects CHINA CINDA
(01359.HK) -0.050 (-1.425%) Short selling $5.92M; Ratio 5.008% to outperform against other brokerage stocks, and downgraded CITIC SEC (06030.HK) -0.380 (-2.023%) Short selling $22.97M; Ratio 29.345% from Buy to Neutral.
Hopewell Hold (00054) sells Hopewell Infr stake for $9.9B Hopewell Holdings (00054) has agreed to sell 2.055 billion shares of Hopewell Highway Infrastructure (00737) , representing 66.69% of the issued share capital of the company, to Shenzhen Investment International Capital Holdings Infrastructure Co. to HK$9.865 billion in cash, or HK$4.8 per share, which has a discount of 3.61% to the closing price of HK$4.98 per share on 29 December 2017. Upon completion of the deal, the purchaser and parties acting in concert with it will own a total of 66.69% stake in Hopewell Highway Infrastructure and the purchaser will be required to make an unconditional mandatory cash offer for all other issued shares of Hopewell Highway Infrastructure also at HK$4.8 per share. The total consideration of the offer will be HK$4.927 billion assuming full acceptance of the offer. The offeror intends to maintain Hopewell Highway Infrastructure's share listing following the close of...
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