External broker reports(aggregated public sources), CMB International

CMB International

External broker reports(aggregated public sources)

Incorporated in Hong Kong, supported by the mainland and targeting in global market, CMB International Capital Corporation Limited (“CMBI”) is an integrated financial institution providing comprehensive and professional services. As a wholly-owned subsidiary of China Merchants Bank ("CMB"), by leveraging on the Group’s synergy and coordination in domestic and overseas markets, as well as CMB’s strong resources and outstanding social reputation, CMBI and its subsidiaries have been actively implementing diversified business strategies and set up an overall layout of main business segments including Corporate Finance, Asset Management, Wealth Management, Global Markets and Structured Finance, etc. Adhering to the philosophy of “being clients oriented and increasing our own values by the way of creating value for clients”, CMBI endeavors to provide quality and integrated financial services to institutional, corporate and individual customers both domestic and overseas including Hong Kong IPO sponsorship and underwriting, share placement and rights issue for listed companies, financial advisors, bonds issuance services, asset management, direct investment, wealth management, equity sales and trading, etc.

Credit

<ul>
<li>The trade will be credit neutral, allowing investors to pick up yield of c40bps (back-loaded), take out cash of 3.8pts, cut tenor by 6-month and to have a free equity option (though parity is only c40).</li>
<li>Meituan is rated at Baa3/BBB- by Moody’s/S&amp;P.</li>
<li>Both rating agencies have a negative rating outlook on the company.</li>
</ul>
<p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>


The trade will be credit neutral, allowing investors to pick up yield of c40bps (back-loaded), take out cash of 3.8pts, cut tenor by 6-month and to have a free equity option (though parity is only c40).
Meituan is rated at Baa3/BBB- by Moody’s/S&amp;P.
Both rating agencies have a negative rating outlook on the company.

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

China

Meituan operates as a web based shopping platform for locally found consumer products and retail services. The Company offers deals of the day by selling vouchers on local services and entertainment, dining, delivery, and other services. Meituan provides its services throughout China.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Meituan (3690 HK)

MEITUA: Switch Trade Idea

The trade will be credit neutral, allowing investors to pick up yield of c40bps (back-loaded), take out cash of 3.8pts, cut tenor by 6-month and to...

CMB International

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)