Citi: Reiterates GUANGDONG INV "Buy" rating, Target Price 7.3 Hong Kong dollars.
Citi released a research report stating that the Target Price for GUANGDONG INV (00270) is HKD 7.3, reiterating a "Buy" rating, as it expects a 6.7% return in 2025, which will be the highest among Hong Kong utility stocks; after disposing of its stake in GD LAND, its earnings visibility will improve; and its financial condition will enhance, with next year's net liability-to-equity ratio decreasing from 28.5 percentage points to 35.1%. The report indicates that GUANGDONG INV plans to distribute over 73% of its holding in GD LAND (00124), and after excluding losses from the associated property sales and asset impairments, the net income forecast for GUANGDONG INV for 2025 to 2026 has been raised by 3.
Citigroup Options Spot-On: On December 18th, 76,765 Contracts Were Traded, With 2.37 Million Open Interest
Express News | Citibank, N.a.: Lowered Base Lending Rate to 7.50% From 7.75%, Effective Thursday, December 19
Tesla, Bitcoin, S&P 500, Dow, Tank: Thanks a Lot FOMC | Wall Street Today
Express News | FOMC Cuts Interest Rates by 25 Basis Points, Sees Fewer Reductions Next Year
Express News | Shares of Banking Companies Are Trading Lower Amid Overall Market Sympathy Following the Fed's Rate Decision to Cut Rates by 25 Basis Points
