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Hoifu Energy Group Ltd

Hoifu Energy Group Ltd, through its subsidiaries, engages in oil and natural gas exploration and exploitation, oil and natural gas international trading business, and provides financial services, including securities broking, futures and options broking, securities margin financing services, and sub-placing agency services for listed companies in Hong Kong on private share placements.

Industry: Diversified Finan Serv

Ticker Exchange ISIN Name
$7 HKEx Main Board BMG4613K1099 Code: 7

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Stephen Dixon 15:36 20/10/2020

$939 Morgan Stanley believed there will be a 60%-70% chance of CCB's price rally in the coming 60 days. The lender was rated Overweight at a $7 target.

Chinese banks have enticing valuation after correction. Loan yield could stabilize in 2H20 amid the fading pandemic. The broker also expected Chinese watchdogs to ease 2H regulatory guidance. #buy