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Haitong Bank, S.A. and/or its Affiliates do and seek to do business with companies covered in Haitong Research.
As a result, investors should be aware that there may be conflicts of interest that could affect the objectivity of Haitong Research. Investors should consider Haitong Research as only a single factor in making their investment decision.
LOCAL REGULATORY AUTHORITIES
Portugal: Haitong Bank, S.A. is regulated by the Comissão do Mercado de Valores Mobiliários (the Portuguese Securities Market Authority); Spain: the branch in Madrid is regulated by theComisión Nacional del Mercado de Valores (the Spanish Securities Market Authority); Poland: the branch in Warsaw is regulated by the Komisja Nadzoru Finansowego (the Polish Financial Supervision Authority)
The regulators of the markets in which Haitong Research publishes research require certain research disclosures to be made publicly. These disclosures can be found using the links below:
SHARE PRICE, RATING AND FAIR VALUE
To find the three year share price chart and history of our ratings and fair values for a research coverage by Haitong Research, click on the region links below: