No Data
Major bank rating丨Citibank: Reaffirms GUANGDONG INV "Buy" rating, raises earnings forecast for 2025 to 2026.
Citi published a report stating that GUANGDONG INV plans to distribute over 73% of its shares in GD LAND, and after excluding the losses from related property sales and asset impairments, it raised the 2025 to 2026 Net income forecast for GUANGDONG INV by 36 to 41%. This equity will be distributed as a special dividend to GUANGDONG INV's Shareholders on January 21, 2025. Citi has set a Target Price of HKD 7.3 for GUANGDONG INV and reiterated its "Buy" rating, as it expects the 6.7% return in 2025 to be the highest among Hong Kong utility stocks; after disposing of its holdings in GD LAND, its earning visibility will increase; and its financial condition will improve.
Does Guangdong Investment Limited's (HKG:270) Weak Fundamentals Mean That The Market Could Correct Its Share Price?
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
Earnings Miss: Guangdong Investment Limited Missed EPS By 13% And Analysts Are Revising Their Forecasts
No Data
