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Bank of America Securities: Upgraded Guangdong Inv rating to "buy" and raised the target price to 5.2 Hong Kong dollars.
Bank of America Securities released a research report stating that the rating of Guangdong Inv (00270) has been upgraded from 'Neutral' to 'Buy', expecting the net income to remain flat year-on-year in the 2024 fiscal year, with an average compound annual growth rate of 11% from 2025 to 2026. The dividend yields for 2024 to 2026 are attractive, at over 6.8%, 7.8%, and 8.3% respectively. Furthermore, the earnings per share for 2024 to 2026 have been revised down by 4%, 15%, and 15%, with the target price raised from 4.9 Hong Kong dollars to 5.2 Hong Kong dollars. The report also mentioned that Guangdong Inv management will discuss the possibility of distributing special dividends on December 9 to enhance investor confidence.
[HK Stock Connect] guangdong inv (00270) rises against the market by 3.82%, plans to pay special dividends, and Bank of America raises its target price by 2.08%.
King's Financial News | Guangdong Inv (00270) strengthened against the market trend, as of the deadline for this report, it rose by 3.82% to 4.89 Hong Kong dollars. On the news front, the company announced that it will hold a board of directors meeting on the 9th of next month to consider and approve proposals for declaring and distributing special dividends to shareholders, and to deal with any other related matters. In addition, Bank of America Securities expects that Guangdong Inv's profitable real estate development project in Guangzhou will start to recognize profits next year, and the exposure of real estate inventory will decrease, indicating potential growth in dividends next year. Furthermore, based on the current 65% payout ratio, the group may need to raise funds to extend for 2 years.
Express News | Guangdong Investment - Considering Recommendation for Declaration and Payment of Special Dividend
GUANGDONG INV: NOTIFICATION OF BOARD MEETING AND PROPOSED DECLARATION OF SPECIAL DIVIDEND
Guangdong Inv (0270.HK) third quarter report: Performance released as scheduled, incremental performance nurturing new opportunities.
With the continuous heating up of the A-share and Hong Kong stock market bullish expectations, investors' enthusiasm for the capital markets is being continually rekindled, leading to a significant increase in trading activity. After experiencing rapid growth before, market volatility and differentiation are inevitable, making investors pay more attention to fundamental analysis of companies in search of opportunities with certain investment value. In this context, financial reports have become a key tool for various market participants to explore potential investment opportunities. Recently, Guangdong Inv released the third quarterly report, showcasing its comprehensive strength in various aspects. These capabilities not only support the continuous realization of shareholder returns but also indicate that the company may usher in new value prospects.
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