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Morgan Chase: Maintenance of the friendly “plus” rating is expected to revive the Unit

2024-04-10 14:47Markets
Summary: Questions and concerns focused on the timing and method of returning excess capital to shareholders, the quality of China’s business growth, and the timing of private disclosure of Indian busines

Questions and concerns focused on the timing and method of returning excess capital to shareholders, the quality of China’s business growth, and the timing of private disclosure of Indian business. The Bank anticipates that, after the summer, several of the main concerns of the market will be alleviated with the expected completion of the existing buyback plan and the release of a series of new announcements.

Motun means that friendly stock prices have fallen by 23% since this year, with a constant decline of 1% over the same period, which has tested investors’ patience. The Bank expects the unit to recover and maintain an “uptake” rating of HK$92.

Morgan Chase: Maintenance of the friendly “plus” rating is expected to revive the Unit

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