bearish
China Internet Investment (810 HK): 98% Downside
527 Views25 Jan 2023 07:15
SUMMARY
- Bubble-Stock China Internet Investment Finance Holdings (810 HK) (CIIFH) was suspended on the 10 January pursuant to the Hong Kong Code on Takeovers and Mergers.
- It has now announced a possible voluntary conditional takeover. No price was mentioned and terms remain indeterminate.
- CIIFH, which invests primarily in listed Hong Kong securities, is trading at an eye-watering 59.5x NAV. 98% downside from here is conceivable.
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