Any Dive in CIFI Likely Good Chance

CIFI (0884.HK) second fund-raising in a week by mainland developers, raising HK$1.9 billion via selling 545 million shares (8% of existing share capital) to Ping An at HK$3.50 each. While shareholders may not like dilution impact due to deeply discounted placement price vs stock's Thursday close of HK$4.02, Ping An is long-term holder so there won't be concerns about short-term selling pressure from placee. Hence, any exaggerated share price weakness toward HK$3.50 may be good buying opportunities, much like Sunac's (1918) price fall Tuesday and subsequent rally Wednesday and Thursday.