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Hong Kong stocks moved | GUANGDONG INV (00270) rose more than 4% again, planning to spin off its real estate business through special dividends. The visibility of the company's profits is expected to increase.
GUANGDONG INV (00270) rose over 4% again, with the stock closing up over 8% yesterday. As of the time of writing, it has risen 4.42%, priced at 5.9 HKD, with a trading volume of 64.2203 million HKD.
SWHY: Maintain the "Buy" rating on GUANGDONG INV, focusing on Water Affairs to highlight dividend value.
SWHY released a research report stating that it maintains a 'Buy' rating for GUANGDONG INV (00270). Given that this divestment plan still requires approval from a special shareholders' meeting (scheduled for January 8, 2025), the company maintains its profit forecast for 2024-2026 at 4.003/4.101/4.12 billion HKD. The bank believes that the company's Water Affairs core business is developing steadily, with high-quality core Dongjiang water assets. Along with the divestment of real estate business, the company's performance and valuation are expected to improve significantly. In addition, on December 9, the company announced a proposal to declare a special dividend by distributing shares of GD LAND. The main points from SWHY are as follows.
SWHY: Maintains GUANGDONG INV (00270) 'Buy' rating, focusing on Water Affairs to highlight dividend value.
On December 9th, the company announced a proposal to declare a special dividend by distributing GD LAND shares in kind.
Guangdong Investment Raised to Buy From Neutral by Citigroup >0270.HK
Citi: Raises the target price for guangdong inv to 6 Hong Kong dollars and upgrades the rating to 'buy'.
Citi released a research report stating that the rating of guangdong inv (00270) was upgraded from 'neutral' to 'buy' due to the declaration of 1.262 billion shares of gd land (00124) as a special dividend for shareholders. The target price was raised by 25%, from HKD 4.8 to HKD 6. The bank expressed bullish sentiment regarding this move, as it believes this trade will improve the earnings visibility of guangdong inv and enhance the group's financial status due to the reduction in the debt-to-equity ratio. Additionally, Citi expects guangdong inv's return in 2025 to be 7.6%, the highest among Hong Kong utilities industry, making it very attractive.
[Hong Kong Stock Connect] Guangdong Inv (00270) rose by 9%, plans to distribute 73.72% of its shares in gd land, Citibank raises its target price by 25%.
Jinwu Financial News | Guangdong Inv (00270) had a strong stock price in the morning session, as of this report, trading at HKD 5.69, up 9%, with a transaction amount of HKD 0.242 billion. According to the news, the company proposes to pay a special dividend in the form of a physical distribution of shares in gd land (00124), based on a benchmark of 0.193 shares of gd land for every 1 share held, involving a distribution of 1.261 billion shares, accounting for approximately 73.72% of gd land's equity. Guangdong Inv plans to streamline its business activities and concentrate resources on core business to maintain stable business development by divesting the property development business held by the gd land Group through the proposed distribution. Citibank is bullish on this move.
Earnings Miss: Guangdong Investment Limited Missed EPS By 13% And Analysts Are Revising Their Forecasts
