by winston » Tue Nov 24, 2020 3:17 pm
not vested
Haier Electronics Group (1169 HK) - Bumped up by Haier Smart Home
The share price of Haier Electronics Group (HEG) has performed well so far in November, supported by the recent rally in Haier Smart Home (HSH).
Recall that Haier Smart Home (HSH) and HEG jointly announced on 31 July (after market close) that HSH had made a formal proposal for the privatisation of HEG via a share swap and a cash payment, hence the implied value of HEG’s stock is also related to the share price of HSH.
Since the deal was announced, HSH’s share price has risen much more than HEG’s share price, and there could be a possibility that the discount between both stocks could narrow as the deal nears completion.
Meanwhile, we continue to see encouraging demand growth in the industry in the month of October. HOLD.
Source: OCBC
It's all about "how much you made when you were right" & "how little you lost when you were wrong"