JPM Confirms CICC (03908.HK) as Preferred Choice Among Chinese Brokers, Anticipates H-shares to Surpass A-shares in the Short Term
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 19 2025
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Source: aastocks
CICC Merger Announcement: CICC plans to merge with DONGXING SECURITIES and CINDA SECURITIES through a merger by absorption and a share-for-share exchange, as reported by JPMorgan.
Market Predictions: JPMorgan anticipates arbitrage activities involving long positions in DONGXING and CINDA, and short positions in CICC, predicting that CICC's H-shares may outperform its A-shares in the short term.
Stock Performance Insights: Since November 19, the average H-share prices of brokers covered by JPMorgan have increased by 0.2%, while the HSI has declined by approximately 1%.
CICC's Investment Rating: JPMorgan has rated CICC as Overweight with a target price of $21.2, considering it a top pick among Chinese brokers due to expected strong performance.
Analyst Views on 03908
Wall Street analysts forecast 03908 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 03908 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 21.660
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Current: 21.660
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
