CICC analysts said no adjustments were made to the Everbright valuation range

Source: Internet
Author: User
On the morning of August 5, media reports said CICC analysts had repeatedly lowered the value of Everbright Bank during the roadshow.  In response, Mao Junhua, an analyst in the report, said the report was misunderstood and did not make any adjustments to the reasonable value investment zone of Everbright Bank. "The reasonable value investment zone I have given is determined on the basis of a careful study of the company's fundamentals and future development expectations, and has been analyzed in detail in the research report, which has been filed in the regulatory body."  "Mao Junhua said. "During the whole roadshow, we have fully communicated with the market Professional investment organization on the investment value of Everbright Bank, and have not made any adjustment to the reasonable value investment range of Everbright Bank, and we do not understand why the media have made such a report, perhaps misunderstanding the concept of reasonable value investment interval.  Mao Junhua also pointed out that in the roadshow never talked about the lower limit of the issue price is 2.95 yuan.  In the research report issued by Mao Junhua, the proposed valuation interval is 3.52-4.08 yuan, corresponding to 1.81-2.1 times times Dynamic market net rate. In addition, it is reported that the current Everbright Bank's strategic placement has been completed, subscription demand is very enthusiastic, the amount of the subscription intention of about 60 billion yuan, China shipping, minmetals and other large enterprises shortlisted. (Ding)

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