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Shenzhen International Holdings Limited's (HKG:152) Largest Shareholders Are Private Companies Who Were Rewarded as Market Cap Surged HK$1.0b Last Week
[Brokerage Focus] Huayuan Securities maintains a Buy rating on SHENZHEN INT'L (00152) as its transformation and upgrade yield results.
Jinwu Finance | Huayuan Securities Research Reports indicate that SHENZHEN INT'L (00152) announced a positive profit expectation, forecasting a profit attributable to Shareholders of HKD 2.8 billion to HKD 3.1 billion in 2024, representing a year-on-year increase of approximately 53% to 63%. The firm stated that the company's South China Logistics Park transformation and upgrade project has realized its returns, with profits expected to further increase from 2025 to 2026. Additionally, the company's Dividends policy remains stable, and with high dividends, it is expected that the company will return to its value Range. The firm continues to point out that the South China Logistics Park transformation and upgrade project is entering its realization phase, with land preparation providing additional profit growth, and the increased Dividends enhancing the company's value. The firm forecasts in 2024.
Citi: Maintains SHENZHEN INT'L (00152) "Buy" rating with a Target Price of HKD 8.4.
The bank believes that SHENZHEN INT'L will maintain a 50% dividend payout ratio, ensuring a per-share dividend of HKD 0.59 to 0.65 last year, which implies an attractive dividend yield of 8.2% to 9%.
Shenzhen International Expects Up to 63% Higher 2024 Profits
SHENZHEN INT'L (00152.HK) reports a profit alert: it is expected that the annual Shareholder profit will rise by approximately 53% to 63%.
On February 21, Gelonghui reported that SHENZHEN INT'L (00152.HK) announced that the group expects the profit attributable to Shareholders for the fiscal year ending December 31, 2024, to be between approximately HKD 2.8 billion and HKD 3.1 billion, an increase of about 53% to 63% compared to 2023. In 2023, the profit attributable to Shareholders was approximately HKD 1.902 billion. The increase in expected profit attributable to Shareholders is primarily due to (1) the group confirming post-land swap tax revenue of approximately HKD 2.3 billion from the transformation and upgrade project of the South China Logistics Park; (2) the group successfully embedding two logistics port projects into public REIT, recording after-tax revenue of approximately.
Express News | Shenzhen International Sees Profit Attributable Ranging From HK$2,800 Mln to HK$3,100 Mln for Year
The Five-year Shareholder Returns and Company Earnings Persist Lower as Shenzhen International Holdings (HKG:152) Stock Falls a Further 5.0% in Past Week
