CICC (3908 HK): M&A Possibility
676 Views27 Sep 2024 07:30
China's securities industry is consolidating. A potential merger between CICC and CGS could create the 3rd largest securities house in China. CICC is also attractive amid lower US interest rates.
What is covered in the Full Insight:
- Introduction
- M&A Possibility
- Industry Consolidation
- Revenue Analysis
- Conclusion
Boomeranged on Thu, 27 Feb 2025 08:09
While both CICC and CGS have denied there is a discussion on the merger and said that there is no information that needs to be disclosed, we still believe a combination of them makes absolute sense given their complementary business profile. In the medium term, further consolidation of China's securities sector is the correct direction, and the government has actively pushed this.
SUMMARY
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Osbert Tang, CFA
HK/China Equity Long-Short
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