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02601 CPIC
RTNominal down26.250 -0.250 (-0.943%)
Research Report

24/09/2019 17:51

{I-bank focus}Credit Suisse lowers CPIC (02601) to HK$40

[ET Net News Agency, 24 September 2019] Credit Suisse lowered its target price for
China Pacific (CPIC)(02601) to HK$40 from HK$42 to reflect near-term uncertainties and
maintained its "outperform" rating.
CPIC announced its plan to list GDR on LSE. The research house estimated the issuance
would dilute EPS by 7%, raising concern over its steady and sustainable increase in DPS, a
key investment thesis.
Credit Suisse added that investors may also question the rationale behind, given already
strong solvency position of 296%. (KL)

Remark: Real time quote last updated: 26/02/2020 17:59
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