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<Research>BofAS Expects Volatility Ahead in CHINA VANKE (02202.HK) on Govt Intervention News
Recommend 6 Positive 9 Negative 7 |
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Earlier, it was rumored that Zhu Jiusheng, President and CEO of CHINA VANKE (02202.HK), has been detained by public security authorities and has lately reported his safety to the media and financial institutions via WeChat and telephone. The company may face reorganization and management changes, BofA Securities issued a research report saying. It would be positive if the government intervenes in CHINA VANKE, as the government may help the group to deal with liquidity issues and minimize negative factors. However, BofA Securities kept rating at Underperform on CHINA VANKE due to its weak fundamentals, as there are still better alternatives in China's property sector, but expected volatility ahead on potential government intervention as the situation unfolds. AAStocks Financial News |
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