CICC 3908

Re: CICC IPO

Postby winston » Fri Nov 06, 2015 6:51 am

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China International Capital Corp (3908), the nation's oldest domestic investment bank, raised US$811 million (HK$6.33 billion) and is due to make its debut on Monday.

It was well received and its shares were priced at HK$10.28, at the top of the indicative range.

With improved sentiment in the Hong Kong and Shanghai markets in the past few days, CICC should open higher on its debut.

Source: The Standard
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Re: CICC 3908

Postby winston » Tue Nov 10, 2015 8:21 am

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Re: CICC 3908

Postby winston » Fri Dec 11, 2015 8:25 pm

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G Sachs Initiates CICC (03908.HK) at Buy; Target at $14.5

Goldman Sachs initiated CICC (03908.HK) +0.040 (+0.364%) at Buy with a target price of $14.5, meaning there would still be 32% upside potential.

It considered the company's position in areas like diversified financial products, wealth management and cross-border services was fairly good.

The research house expected NPAT of the company to increase by 42%/15%/24% yearly for the three years of 2015-17 respectively.

It said although the current price of the company was 1.3 times of P/E ratio forecast for this year, which was higher than H shares peers by 4%, there would still be premium.

Source: AAStocks Financial News
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Re: CICC 3908

Postby winston » Thu Mar 31, 2016 8:46 am

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CICC defies tide with expansion

by Wiki Su

China International Capital Corporation (3908), the nation's top investment bank, will continue expanding its headcount this year even as its foreign rivals are slashing theirs, chief executive Bi Mingjian said yesterday.

However, sustained volatility in the investment banking industry might cloud CICC's performance this year, he said.

CICC reported a net profit of 1.95 billion yuan (HK$2.33 billion) last year, a 74.6 percent spike year-on-year on the back of robust growth of its wealth management and investment management businesses.

Total revenue soared 54.4 percent to 9.51 billion yuan. Basic earnings per share jumped 67.2 percent to 1.12 yuan. Net assets doubled to 16.44 billion yuan as of end-December following its listing in Hong Kong.

China's gradual opening of its economy boosted cross-border merger and acquisition deals last year, Bi said.

"We believe such cooperation between China and other countries can get more active," he said. Last year, CICC ranked as the top global M&A financial adviser by transaction value involving Chinese enterprises. It grossed US$113.44 billion (HK$884.83 billion), enabling its financial advisory fees to expand by 1.58 times.

Wealth management income doubled to 1.7 billion yuan, with total assets in customer accounts up by 85 percent. Brokerage commission income spiked 94.1 percent to 2.73 billion yuan amid a surge of A shares trading volumes.

Credit Suisse last week said it would cut 2,000 more jobs. Meanwhile UBS is reportedly planning to ax 300 investment banking jobs.

Source: The Standard
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Re: CICC 3908

Postby winston » Fri Apr 13, 2018 9:13 am

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China’s Central Huijin to sell stake worth $797m in CICC

by Engen Tham, Samuel Shen

April 12, 2018

China International Capital Corp Ltd (CICC) said its biggest shareholder, Central Huijin Investment Co, has put up for sale a roughly 9.5 percent stake in the company worth about 5 billion yuan ($796.80 million).

The stake sale is expected to diversify its investor base and optimize its shareholding structure, said CICC, one of China’s largest investment banks, in an exchange filing on Wednesday.

The stake has been put up for sale via the Beijing Financial Assets Exchange. Central Huijin, the investment unit of China’s sovereign wealth fund, currently holds an about 55.7 percent stake in CICC.

Source: Reuters

https://www.dealstreetasia.com/stories/ ... 69cc61b4c8
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Re: CICC 3908

Postby winston » Wed Jun 20, 2018 1:07 pm

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04 Jun, 2018

<Research Report>Deutsche Initiates CICC (03908.HK) at Buy with Target $20

Deutsche Bank, in its report, initiated Buy on CICC (03908.HK) with target price of $20.

The research house considered CICC as a non-traditional Chinese broker with strong networks in fields of investment services and products.

Deutsche Bank said CICC has the best leverage in Mainland China amid ongoing liberalization of capital market, on the ride of its competitive edges in investment banking industry.

Source: AAStocks Financial News
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Re: CICC 3908

Postby winston » Wed Jun 20, 2018 1:08 pm

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May 15, 2018

<Result Ann>CICC (03908.HK) 1Q Net Profit RMB712M, Up 77.8%

CICC (03908.HK) announced first quarter results ended March 2018.

The net profit amounted to RMB712 million, up 77.8% yearly.

EPS equaled RMB0.18.

Source: AAStocks Financial News
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Re: CICC 3908

Postby winston » Mon Aug 27, 2018 9:14 am

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<Result Ann>CICC (03908.HK) Interim Net Profit RMB1.631B, Up 46.8%

CICC (03908.HK) announced interim results ended June 2018.

Net profit amounted to RMB1.631 billion, up 46.8%.

EPS equaled 39 fen. No dividend was declared.

Source: AAStocks Financial News
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Re: CICC 3908

Postby winston » Thu Oct 11, 2018 1:35 pm

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<Research Report>G Sachs: CICC (03908.HK) Kept CL Buy on In-line Results

Goldman Sachs issued a research report covering CICC (03908.HK), whose interim income and net profit after tax spiked 35% and 47% year-on-yer respectively.

CICC's second quarter net profit after tax hiked 30% year-on-year as compared with a 1% drop in the first quarter.

The above results of CICC are in line with the investment bank's predictions in general.

CICC is kept in the Conviction Buy list of the bank with target price set at $22.4.

Source: AAStocks Financial News
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Re: CICC 3908

Postby winston » Mon Nov 19, 2018 11:31 am

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<Research Report>C Suisse Raises CICC (03908.HK) Target to $16.7; 3Q Results Steady

CICC (03908.HK) recorded a 3Q18 net profit of RMB1.1 billion (+29% YoY/ +19% QoQ).

Such results were resilient despite market volatility, with 1-3Q net profit meeting 84% of Credit Suisse's prediction.

Moreover, CICC boosted its 3Q ROE up to 11%, highest among its peers covered by the broker.

Credit Suisse attributed such growth to CICC's solid IBD performance, positive return from FICC trading business and cross-border structured products.

CICC's 2018-2020 EPS forecasts were raised by 4%-7%, with target price up from $15.5 to $16.7. Hence, CICC was maintained at Outperform.

Source: AAStocks Financial News
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