Yamato: Yu XinAo Energy (02688.HK) rated as "outperforming the market", but XinAo Stock (600803.SH) is expected to have limited room for increase in holdings.

Wisdom Finance APP learned that Daiwa released a research report stating that XinAo Stock (600803.SH) confirmed that the $ 12 billion privatization offer for XinAo Energy (02688.HK) has fallen through. The bank stated that the key now is that XinAo Natural Gas also plans to accumulate XinAo Energy shares on the open market. With a dividend yield of around 6% and a 35% drop in stock price since the beginning of the year, although short-term market sentiment has been dampened, it is believed that there is limited downside potential in terms of fundamentals at the current level. The stock is rated as "outperforming the market."