Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
01958 BAIC MOTOR
RTNominal down2.140 -0.010 (-0.465%)
Others

06/12/2018 10:50

[I-bank focus]BAIC Motor hurt on Daimler JV stake change

[ET Net News Agency, 6 December 2018] Daiwa Global cited a Bloomberg report on 4
December saying that Daimler plans to raise its stake in Beijing Benz from 49% to at least
65%, but talks remain in the early stage.
The research house estimated that BAIC Motor's (01958) earnings could be cut by 50% or
80%, respectively, if Daimler were to increase its stake to 65% or 75% in 2022, and
Daiwa's valuation of BAIC Motor would then fall in the range of HK$1.3-5 for these two
cases, depending on any special dividend payout ratio.
Daiwa maintained its "hold" rating on BAIC, with a target price of HK$4.6. (KL)

Back to Others

Remark: Real time quote last updated: 19/04/2024 15:36
  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 2024 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.