Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Real-Time Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
RTNominal down1.430 -0.010 (-0.694%)

17/12/2019 11:13

{I-bank focus}China Cinda's disposal seen positive catalyst

[ET Net News Agency, 17 December 2019] J.P. Morgan sees China Cinda Asset Management's
(01359) proposed disposal of its 50.995% interest in Happy Life for RMB7.5bn as a positive
The research house said this shows progress on Cinda's strategy to refocus on its
distressed assets management (DAM) business and the price of the Happy Life disposal is
higher than the industry average.
JPM reiterated its "overweight" rating and a price target of HK$2.25 on Cinda, based on
(1) positive progress on its strategy shift from comprehensive financial platform to
focusing on DAM business, (2) current valuation is at trough levels despite receding
financial risks, and (3) the rise in city and rural commercial banks' NPL (nonperforming
loan) ratio suggests that Cinda may gain pricing power on its NPL disposal business. (KL)

Remark: Real time quote last updated: 25/05/2020 13:10
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2020 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.