Report
Phillip Zhong
EUR 100.00 For Business Accounts Only

China Vanke Is Refocusing on Operation, With Stronger Growth Ahead

China Vanke announced a share placement for its H-shares. Under the placement agreement, the company will issue 263 million new H-shares at HKD 29.68 per share. The placement price is at a discount of 5.02% to the latest closing price. The company will use the proceeds, totaling HKD 7.8 billion, to repay offshore debt financing. We believe the share placement increases liquidity for H-shares, as well as attracting more institutional investors, both are positives for the shares. We maintain our f...
Underlying
China Vanke Co. Ltd Class H

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Phillip Zhong

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