BNP Paribas initially rated CITIC 1616 Group (1883.HK) as a buy, with a target price of HK$1.3. France and Pakistan pointed out that the company has formed a close cooperative relationship with China Mobile in the development and research of new overseas businesses, saying that the CITIC 1616 Group is not a simple “trading” relationship with the operator; the company also plays the role of a redistributor of operator profits, so it is currently viewed as an active partner. This makes the CITIC 1616 Group's business model more profitable and makes it more difficult for competitors to imitate it. Farbah added that the company's cash reserves are close to half of its market value. If there are no merger and acquisition targets, the current dividend payment ratio of 30% may increase. The stock fell 1.04% to HK$0.95 on Friday.
法国巴黎银行将中信1616(1883.HK)初评定为买进，看1.3港元
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