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<Research>Citi Initiates Coverage on SANHUA (02050.HK) w/ Rating Buy/ TP $37
SANHUA (02050.HK)(002050.SZ) has been officially listed on the Hong Kong Stock Exchange on 23 June. Citi Research issued a research report adopting the SOTP valuation method, simi...
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<Research>Citi Initiates Coverage on SANHUA (02050.HK) w/ Rating Buy/ TP $37
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SANHUA (02050.HK)  -0.700 (-2.800%)   (002050.SZ)  -0.080 (-0.306%)   has been officially listed on the Hong Kong Stock Exchange on 23 June.

Citi Research issued a research report adopting the SOTP valuation method, similar to the A-shares, and initiating coverage on SANHUA' H-shares, with rating at Buy and a target price of $37.

The broker believed that the Hong Kong listing is beneficial for the Company, providing more funds for R&D projects and offering the opportunity to reach a larger group of overseas institutional investors.
(HK stocks quote is delayed for at least 15 mins.) (A Shares quote is delayed for at least 15 mins.)

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