20260306-招银国际-越秀交通基建-01052.HK-Termination_of_Coverage_2页_560kb

Yuexiu Transport (1052 HK) Coverage Termination Summary

Core Content

CMB International Global Markets Limited (CMBIGM), a subsidiary of CMB International Capital Corporation Limited (itself a subsidiary of China Merchants Bank), has terminated its coverage of Yuexiu Transport (1052 HK). This decision is based on a reallocation of resources. All previous investment recommendations for the company are no longer valid as of the termination date.

Key Information

• Company: Yuexiu Transport (1052 HK)
• Action Taken: Termination of coverage
• Reason: Resource reallocation
• Effective Date: As of the date of this termination
• Previous Recommendations: No longer valid

CMBIGM Ratings

CMBIGM uses the following rating classifications:

• BUY: Potential return of over 15% over the next 12 months
• HOLD: Potential return of +15% to -10% over the next 12 months
• SELL: Potential loss of over 10% over the next 12 months
• NOT RATED: Not rated by CMBIGM
• OUTPERFORM: Industry expected to outperform the relevant broad market benchmark
• MARKET-PERFORM: Industry expected to perform in-line with the relevant broad market benchmark
• UNDERPERFORM: Industry expected to underperform the relevant broad market benchmark

Analyst Certification

The research analyst responsible for the content of this report certifies:

1. All views expressed accurately reflect their personal views about the subject securities or issuer.
2. No part of their compensation was, is, or will be related to the specific views expressed in the report.

Important Disclosures

• Investment Risks: There are risks involved in trading any securities, and past performance does not guarantee future results.
• No Investment Advice: CMBIGM does not provide individually tailored investment advice.
• Use of Information: The report is prepared solely for the purpose of supplying information to clients of CMBIGM or its affiliates. It is not an offer or solicitation to buy or sell any securities.
• Liability Disclaimer: CMBIGM and its affiliates, shareholders, agents, consultants, directors, officers, or employees shall not be liable for any loss, damage, or expense incurred in reliance on the information in the report.
• Conflicts of Interest: CMBIGM may have investment banking or other business relationships with the companies mentioned, which could affect the objectivity of the report. No responsibility is assumed for such conflicts.
• Reproduction Restrictions: The report may not be reproduced, reprinted, sold, redistributed, or published in whole or in part without prior written consent from CMBIGM.

Distribution Restrictions

• United Kingdom: The report is only provided to persons falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 or to High Net Worth Companies, Unincorporated Associations, etc., as defined in the Order.
• United States: The report is intended solely for distribution to "major US institutional investors" and is not available to other persons. U.S. recipients must use a U.S.-registered broker-dealer for any transactions.
• Singapore: The report is distributed by CMBI (Singapore) Pte. Limited (CMBISG), an Exempt Financial Adviser regulated by the Monetary Authority of Singapore. CMBISG accepts legal responsibility for the contents of the report to non-Accredited, non-Expert, or non-Institutional Investors only to the extent required by law. Singapore recipients should contact CMBISG at +65 6350 4400 for any matters related to the report.

Additional Notes

• The information in this report is based on analyses and interpretations of publicly available and reliable data.
• CMBIGM provides information, advice, and forecasts on an "AS IS" basis and reserves the right to change the information or conclusions without notice.
• CMBIGM may issue other publications with different information or conclusions.