CICC: Maintained a "outperform industry" rating for csc development, with 3Q24 performance meeting expectations.
CICC released research reports stating that it maintains the unchanged net income forecast for csc development (00830) for 2024/2025. The firm maintains the 'outperform industry' rating and target price of HK$2.8, corresponding to 8.2x/6.3x 2024 estimated earnings/2025 estimated earnings P/E. The company's 3Q24 performance meets the firm's expectations. Looking ahead, the firm believes it is expected to benefit fully from large-scale construction projects such as the development of the northern metropolitan area in Hong Kong. In addition, the firm is bullish on the BIPV business becoming a new source of income growth during the '14th Five-Year Plan' period. CICC's main points are as follows: The company announced its 3Q24 performance, which basically met expectations. csc development's 1-3
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not for u to make money. haha
