![]() ![]() The final IPO share placement and share allocation are expected to be confirmed on June 5, 2023. The issuance and subscription date of the IPO is expected to be on May 31, 2023. The pricing of the IPO is expected to be confirmed by the Shanghai Stock Exchange on May 29, 2023. ![]() CSI Solar plans to issue 622,217,324 shares, representing approximately 17% of 3,688,217,324 shares outstanding immediately after the IPO, assuming that the over-allotment option is exercised in full.ĬSI Solar will conduct a roadshow with potential investors between and May 25, 2023. In addition, CSI Solar plans to grant the principal underwriter of the IPO a 30-day option to purchase up to an additional 81,158,500 shares of CSI Solar to cover over-allotments, if any. ("CSI Solar") on the Sci-Tech Innovation Board of the Shanghai Stock Exchange, the exchange has posted CSI Solar's updated IPO prospectus, including an indicative IPO timetable on the exchange's website.Īccording to the updated IPO prospectus and indicative timetable, CSI Solar plans to issue 541,058,824 shares, representing 15% of 3,607,058,824 shares outstanding immediately after the IPO. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) today announces that, in connection with the proposed initial public offering ("IPO") of its majority-owned subsidiary CSI Solar Co., Ltd. Hasanjee, who prefers to issue longer-term forecasts, is calling for a 4.75 to 6.75 per cent median return on Canadian equities over the next 10 years, compared with four to six per cent in the U.S.GUELPH, ON, /PRNewswire/ - Canadian Solar Inc. Canadian equities, on the other hand, because of a tilt towards value due to banking and energy, we expect to be delivering good returns over the next decade or so." equities are still on the higher side of the valuation spectrum compared to Canadian equities, especially in the growth sector of the market. Those inflows, he says, led to overvaluation. ![]() stocks benefited from a safe-haven status as COVID-19 and Russia's invasion of Ukraine rattled global markets. Vanguard Canada senior investment strategist Bilal Hasanjee says U.S. "Overall, we believe investors should remain overweight Canada heading into 2023, but remain selective and tactically agile given the evolving inflationary and interest rate environment." "Furthermore, in the last six rising rate periods, the TSX continued to outperform the S&P 500 six months after the peak, suggesting this outperformance could have some momentum through 2023," he wrote. With the fight between central banks and inflation expected to persist in 2023, Belski notes TSX stocks have outperformed the S&P 500 in seven of the last 10 rising interest rate cycles since 1979. "Overall, we believe the Canadian stock market will attain mildly higher prices from current levels, with a 2023 year-end price target of 22,500." in 2023, as valuations begin to converge," he wrote in a note to clients. "As such, Canada remains well-positioned for near-term outperformance which, in our opinion, will translate into mild outperformance versus the U.S. We believe investors should remain overweight Canada heading into 2023 Brian Belski, chief market strategist at BMO Capital Marketsīrian Belski, chief market strategist at BMO Capital Markets, says stocks on the Toronto Stock Exchange have thus far done a better job of repricing slowing earnings growth and fears of a recession in 2023. In the U.S., the tech-heavy NASDAQ Composite ( ^IXIC) collapsed 33 per cent last year. ![]() It was an about-face from earlier in the year, when the Ottawa-based e-commerce giant and pandemic-era investor darling dethroned Royal Bank of Canada ( RY.TO)( RY) as the nation's most valuable public company. In Canada, 2022 saw shares of Shopify ( SHOP.TO)( SHOP) almost single-handedly drag the market into the red as its stock plunged. High-valued tech stocks, a major contributor to strong North American equity markets in recent years, were a weight around the neck of both the S&P 500 ( ^GSPC) and Canada's S&P/TSX Composite index ( ^GSPTSE) last year. peers in 2023, according to experts who see the finance and resource-heavy market besting American indices with larger weightings in growth sectors like technology. (REUTERS/Chris Helgren)Ĭanadian stocks are set to outperform U.S. Analysts looking ahead to stocks in 2023 say Canada's main stock market will benefit from its hefty financial and energy sectors. ![]()
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