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Citi Almost Transferred $6 Billion to Client in Copy-Paste Error, Shares Fall
Citigroup: Maintains SJM HOLDINGS 'Sell' rating, Target Price 2.05 HKD.
Citi released a Research Report stating that it maintains a "Sell" rating on SJM HOLDINGS (00880), with a Target Price of HKD 2.05. The bank noted that the market share of SJM's "Grand Lisboa" project has continued to improve in the last quarter, but the rate of improvement is slowing. Additionally, SJM's debt ratio has significantly improved, but it remains at a high level, making it unlikely to resume dividend payments in the short term, coupled with uncertainties regarding the Satellite venues managed by the group. Citi mentioned that SJM's net income grew by 19% year-on-year last quarter; adjusted EBITDA improved by 42% to HKD 0.993 billion, roughly in line with the bank's forecast of HKD 0.996 billion and exceeding market expectations.
Express News | Citigroup - Appoints Wit Oemar as Head of Corporate Banking for Indonesia
Citi: Maintains CHOW TAI FOOK 'Buy' rating with a Target Price of HKD 9.90, initiating a 30-day positive catalyst observation.
Citi released a Research Report stating that it maintains a "Buy" rating for CHOW TAI FOOK (01929) with a Target Price of HKD 9.9, and will conduct a 30-day positive catalyst observation. The report indicates that CHOW TAI FOOK's fixed-price Gold products revenue scale and profit situation match those of Luk Fook (06181), but its Market Cap lags behind Luk Fook by 13%, suggesting a need for revaluation of CHOW TAI FOOK's Other Business. Citi pointed out that the same-store sales decline for CHOW TAI FOOK in January and February has been continuously narrowing, and it is expected that the same-store sales trend may stabilize under the low base effect in March. Due to Gold prices falling from a Top Reversal, it is anticipated that gold jewelry based on weight...
Top Gap Ups and Downs on Tuesday: SNY, NVS, C and More
Citi Recommends Outright Short Position in Summer Brent -- OPIS
