Sunday, June 26, 2022
Martin Hennecke
Ben Kwong Man-bun
KGI Asia head of research

I am not surprised to see the company selling shares amid bullish conditions prevailing on the local bourse. The proceeds from the share sale will be used to acquire assets, which are likely to support the companyˇ¦s earnings growth in the long term. I expect the stock price to hover between HK$3.6 to HK$4 in the near term.

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