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Morgan Stanley: Upgrades GUANGDONG INV to "Shareholding" rating with Target Price raised to HKD 7.74.
Morgan Stanley released a research report stating that it updated its financial model for GUANGDONG INV (00270) based on the 2024 financial results. Due to the financial restatement after the spin-off of the real estate business, it has lowered its revenue and Net income forecasts. Considering the potential impact of the franchise renewal of the Dongjiang water business after 2030, primarily achieved through debt financing, the Target Price has been raised by 14% from HKD 6.79 to HKD 7.74, with a rating of 'Shareholding'.
Bank of America Securities: Upgrades GUANGDONG INV rating to "Buy" with a Target Price raised to HKD 6.5.
Bank of America Securities released a report stating that the 8% adjustment in GUANGDONG INV (00270) stock price is an overreaction. It expects GUANGDONG INV's net profit this year to reach 4.2 billion RMB, an increase of 33% year-on-year, with a projected dividend return of 7.2 cents. The target price has been raised from 6.1 HKD to 6.5 HKD, and the rating has been upgraded from "neutral" to "Buy". The report indicates that GUANGDONG INV has a low debt ratio, estimating that its fundraising opportunities through rights issues are low.
Bank of America Securities: Upgraded GUANGDONG INV (00270) rating to "Buy" and raised the Target Price to 6.5 Hong Kong dollars.
Bank of America Securities expects GUANGDONG INV's net profit to reach 4.2 billion yuan this year.
GUANGDONG INV (00270.HK): Divesting real estate to lighten the load, the Water Affairs business establishes a "core Assets" moat.
The year 2024 is a key turning point for GUANGDONG INV (00270.HK) in terms of Global Strategy and financial optimization.
Analyst Forecasts Just Became More Bearish On Guangdong Investment Limited (HKG:270)
We Think Guangdong Investment (HKG:270) Can Stay On Top Of Its Debt
