TCM (570 HK): Likely Rush for The Exits As Deal Busts
1.2k Views19 Oct 2024 14:58
When paired to indices, TCM appears supported here. Fundamentally, ~HK$3.30 should be a buy. But a jammed exit may see TCM dip below HK$3/share. The true undisturbed price is ~HK$3/share.
What is covered in the Full Insight:
- Introduction to TCM Deal
- Deal Collapse and Implications
- Share Price and Market Reactions
- Shareholding Structure
- Future Prospects and Investors
Boomeranged on Mon, 21 Oct 2024 14:22
How does a ~34% decline (in the morning session) stack up with past deal breaks in Hong Kong? It's not a clean comparative analysis, as past transactions turn on their own merit, be it the premium to undisturbed, how the markets have performed etc. However, Soho China (410 HK) and Harbin Electric Co Ltd H (1133 HK) provide some context. See "Discussions" for further comments.
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Full Insight
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Discussions
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