Quam Securities

Since its inception in 1986, Quam Securities Limited (Quam Securities) has grown to become one of the few mid-tier securities brokerages in Hong Kong with global execution capabilities for both private and institutional clients. It boasts a well-established network in Greater China including Taiwan and in major world markets through the Global Alliance Partners (GAP). Quam Securities is well-positioned not only to harness and drive business within the China Tonghai International Financial Limited but also between China and the world markets.

Research from Quam Securities

Research from Quam Securities, Quam Securities

Quam Securities Research

Equity Bottom-Up

I Cable Communications / Equity Bottom-Up

<ul><li>There are news reports that the privately owned HGC, which currently operates one of HK’s fixed networks, may make an offer to acquire HKBN (1310 HK, NR) at US$1bn (HK$7.8bn) and HKBN has been suspended from trading, pending announcement of inside information.</li><li>Although the HKBN acquisition remains to be confirmed, we believe one of the most valuable parts of HKBN is its all-fiber network, which is one of the best-coverage fixed networks in HK.</li><li>HGC was previously owned by Hutchison Telecom (215 HK, NR) and the latter sold it to a private equity fund in 2017 for HK$14.5bn.</li></ul>

There are news reports that the privately owned HGC, which currently operates one of HK’s fixed networks, may make an offer to acquire HKBN (1310 HK, NR) at US$1bn (HK$7.8bn) and HKBN has been suspended from trading, pending announcement of inside information.Although the HKBN acquisition remains to be confirmed, we believe one of the most valuable parts of HKBN is its all-fiber network, which is one of the best-coverage fixed networks in HK.HGC was previously owned by Hutchison Telecom (215 HK, NR) and the latter sold it to a private equity fund in 2017 for HK$14.5bn.

Tactical Trade Idea – I-Cable (1097 HK, NR) The Underlying Value of the Pipes and Ducts