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GUANGDONG INVEST To Go Ex-Dividend On October 10th, 2024 With 1.53695 USD Dividend Per Share
Guangdong Inv (00270.HK) has obtained a 3 billion Hong Kong dollar loan financing from banks.
Guangdong Inv (00270.HK) announced on September 4th that on September 4, 2024, the company accepted a committed term loan financing of 3 billion Hong Kong dollars from a bank, subject to the terms and conditions set forth in the loan financing letter, to provide funds for the company's general corporate financing needs, including but not limited to refinancing of existing debts (excluding real estate, toll roads, and power plant financing). The term of the loan financing is 364 days from the first drawdown date.
Express News | Guangdong Investment - Committed Term Loan Facility in Principal Amount of HK$3 Bln
Citigroup: Maintains a 'neutral' rating on Guangdong Inv and raises target price to HK$4.8.
Citigroup issued a research report stating that it maintains a "neutral" rating on Guangdong Investment Limited (00270) with a target price raised from HKD 4 to HKD 4.8. Citigroup has revised its net income forecast for Guangdong Investment in the years 2024-2026 by 0.4%, 2.3%, and 2.2% respectively, to reflect the reduction in financial costs and improvement in cash flow. The report states that considering the risks faced by the company, Citigroup believes that a price-to-earnings ratio of 8.9 times for the fiscal year 2024 is reasonable. Although Guangdong Investment has increased its dividend payout ratio to 65%, higher than the bank's expected 50%, its earnings visibility still raises concerns. This is because the group's real estate
Citi: Maintains a neutral rating on Guangdong Inv (00270) with a target price raised to HKD 4.8.
Citigroup has raised its forecast for Guangdong Investments (00270) net income for 2024-2026 by 0.4%, 2.3%, and 2.2% respectively.
Guangdong Investment Limited's (HKG:270) Intrinsic Value Is Potentially 84% Above Its Share Price
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