Zhejiang New Century (1158 HK): Pre-Conditional Offer
Assuming payment late-May, I would expect ZNCH to trade around $17/share, or a 6-7% gross spread, and a ~22% annualised spread. Buy around $17...
China Machinery Engineering (1829 HK): Delisting Offer From Parent
Expect CMEC to trade around $3.45-3.50, or a 6-7% gross spread, and an 18-23% annualised. This is still being done too cheaply, given the large...
Shanghai Prime (2345 HK): Delisting Offer From Parent
With the share price of Shanghai Prime generally in a downward trend since 2018, and faced with a challenging business back-drop, parent Shanghai...
EM Strategy and Chartbook: Remain Overweight EM Vs. EAFE
China (MSCI China, Shanghai Comp., Shenzhen A Share) continues to offer many attractive setups and is a major focus in today’s EM Strategy report....
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