Regarding the top choice among the Three Fools of China International Capital Corporation

PortfolioAlert · 2026-03-29T04:17:23+00:00

Currently, the price levels are prioritized as China International Capital Corporation (CICC) > CICC > Dongxing > Cinda. If the merger succeeds, CICC will be the first to resume trading. Based on past experience, the first to resume often has a more than 5% stock swap premium over the later resumers; if it fails, CICC should also experience the smallest decline. Dongxing and Cinda are similar—if the merger succeeds, only the stock swap price serves as the anchor. If it fails, Cinda's net assets and earnings are not as good as Dongxing's, so it’s likely to fall the most.

PortfolioAlert

2026-03-29 04:17:23

Based on the current price levels, the priority order is CICC H > CICC > Everbright Securities > Cinda. If the merger is successful, CICC should be the first to resume trading, and, based on past experience, the first to resume trading often results in a 5%+ share-swap premium relative to the later ones. If it fails, CICC should also drop the least. Everbright Securities, like Cinda, is such that if it succeeds, only the share-swap price will serve as the anchor; if it fails, Cinda’s net assets and earnings are both worse than Everbright Securities’, so it’s expected to fall the most.

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