Kursziel Hk$ 8,3 unverändert, glaubt, dass Baic Motor von Baic electric Spinoff SST Qianfeng (600733) on 27 April finanziell profitieren könne http://www.etnet.com.hk/www/tc/news/...il_eng.php?newsid=ETE280502135
BAIC New Energy (BJEV), 8.15% owned by BAIC Motor, announced it has received government's approval on its A-share backdoor listing via SST Qianfeng (600733) on 27 April. Credit Suisse thinks this might bring big-ticket non-cash fair value gains to BAIC Motor, and accelerate the loss-making "Wevan" operation spin-off, which is estimated to happen in 2Q. This also paves the way for BAIC Motor's A-share IPO, and the company is likely to submit IPO filling in 3Q and get listed in early 2019, Credit Suisse said. |