China Tourism Group Duty Free (1880 HK)
Consumer Discretionary
Is looking to sell up to 118.176m shares to raise up to US$2.5bn - pricing at HK$143.5-165.5/share is a 38.6%-29.2% discount to China Tourism Group Duty Free (601888 CH). Brian Freitas believes the stock could be added to MSCI China Index in November and to the FTSE All-World and FTSE China 50 indices in March. Southbound Stock Connect could come online on 19 September providing opportunities to trade the A/H spread.
Edition: 142
- 19 August, 2022