$YZJ Fin Hldg(YF8.SI)$funds have no love for Chinese financial companies, no matter how attractive they may seem to be..That's a fact..See you below 40c soon.. Slowly but surely you would be there
Dbs forgot that Chinese financial companies trade at a huge discount
@Numero:$YZJ Fin Hldg(YF8.SI)$DBS Research buy call and $2.15 target price on YZJ on Apr 12 turned out to be a complete miss."DBS Group Research has reiterated its buy call and $2.15 target price on Yangzijiang Shipbuilding, with the impending spin off of its investment arm. The listing of the investment arm improves corporate governance and catalyses the re-rating of its shipbuilding business, notes DBS on April 12."
$YZJ Fin Hldg(YF8.SI)$this is a China financial company..It's common knowledge that Chinese banks trade at about a 40% discount..Would this counter be considered the same? If yes, we are looking at more downside still.. Probably 10 to 15% more downwards