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美联储穆萨莱姆:即使剔除供应相关因素,通胀仍然“过高”,高达3%。
2026-09-22
美联储穆萨莱姆:即使剔除供应相关因素,通胀仍然“过高”,高达3%。
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2026-09-21
Russian Foreign Ministry says it is maintaining close contact with Turkey regarding Ankara's proposal to end the Black Sea conflict.
Russian Foreign Ministry says it is maintaining close contact with Turkey regarding Ankara's proposal to end the Black Sea conflict.
2026-09-21
CITIGROUP says Legend Holdings (03396.HK) is reportedly seeking to sell about 90% of Luxembourg private bank Banque Internationale à Luxembourg (BIL), a unit Citi estimates represents roughly 9% of Legend’s NAV. Reported preliminary bids, due around end-September, imply a 100% BIL value of at least €2.5bn (~HKD22.5bn), about 3% above Citi’s latest valuation of ~HKD21.8bn (0.9x book at end-1H2026). BIL has been a stable profit contributor, but Citi expects its share of Legend’s net profit to fall
CITIGROUP says Legend Holdings (03396.HK) is reportedly seeking to sell about 90% of Luxembourg private bank Banque Internationale à Luxembourg (BIL), a unit Citi estimates represents roughly 9% of Legend’s NAV. Reported preliminary bids, due around end-September, imply a 100% BIL value of at least €2.5bn (~HKD22.5bn), about 3% above Citi’s latest valuation of ~HKD21.8bn (0.9x book at end-1H2026). BIL has been a stable profit contributor, but Citi expects its share of Legend’s net profit to fall to 10–13% in FY2027–28 as Lenovo Group (00992.HK) drives stronger earnings growth. Citi views a BIL sale as a step toward divesting non-core assets and refocusing Legend as a tech holding; if executed, Citi estimates it could cut Legend’s NAV discount by as much as ~75%. Citi maintains a Buy rating on Legend Holdings.
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