According to Morgan Stanley's report, it is believed that CHEUNG KONG (00001.HK) +0.200 (+0.140%) Short selling $84.50M; Ratio 7.983% 's share price has a chance of 80% or above to outperform the industry in the coming 60 days, mainly because the announced reorganization plan of Chueng Kong and Hutchison has helped improve the transparency, removed double discount and signified a decline in WACC, which suggests re-rating opportunities. In addition, Cheung Kong planned to raise the dividend payment for this and next year. The group can also benefit from the further integration of telecom business in the UK and Italy. The broker gave the Overweight rating on the stock.
UCD (01599) plans to raise Rmb600m from A shares issue Beijing Urban Construction Design & Development Group (UCD) (01599) said it proposes to apply for initial public offering of Renminbi ordinary shares and listing. The number of public issuance of shares amounts to not more than 149.86 million shares. The issuance price of A shares shall not be lower than Rmb2.91 per share. The total proceeds raised from the issuance of A shares amount to Rmb600 million, which will be used for upgrading and reconstructing project of the design centre, the national engineering...
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