CMB: Xinao Energy (02688.HK) remains valuable even if privatization bid fails, maintaining "buy" rating.

Zhixin Finance APP learned that JPMorgan Chase released a research report stating that Xinao Energy (02688.HK) still has good value at the current level even if the privatization offer ultimately fails. The bank believes that the market has already reflected the factors of the offer no longer being extended in the stock price, and if the offer is extended, it can provide value to investors. JPMorgan maintains a "hold" rating on Xinao Energy with a target price of 68 Hong Kong dollars.