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<Research>JPM: SEAZEN (01030.HK) Said to Issue USD Bonds, Suggesting Possible Reopening of Offshore Bond Mkt for Non-SOEs
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SEAZEN (01030.HK) proposed to issue USD-denominated senior notes, potentially becoming the first non-SOE developer to issue USD bonds in 2 years, JPMorgan released a research report saying. This suggests that the offshore bond market for non-SOE developers may reopen, which is a directional positive for the industry.

In terms of stocks, JPMorgan's top picks are CHINA RES LAND (01109.HK) and CHINA RES MIXC (01209.HK). Strategically, the broker saw greater upside potential in LONGFOR GROUP (00960.HK), CHINA OVS PPT (02669.HK) and CHINA JINMAO (00817.HK).
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