MMG's US$1.15bn (capital) Rights Issue sees Rights start to trade on 24 June. Rights Shares are struck at HK$2.62/share. Short cover, then puke dynamics are likely. Timing is key. Cover/Buy.
What is covered in the Full Insight:
Introduction to MMG Rights Trading Dynamics
Rights Trading Timeline and Prices
Market Reactions and Trading Strategies
Comparison with Peers
Conclusion and Recommendations
Boomeranged on Fri, 28 Jun 2024 11:28
It is now time to buy the dip on MMG vs Peers. The liquidation selling of Rights should be done, and this stock is cheap vs assets and earnings when capacity is ramped up on the new asset.
SUMMARY
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