Morgan Stanley: Assigns HANG LUNG PPT a "Market Perform" rating with a Target Price of HKD 6.5.

Morgan Stanley released a research report stating a "market perform" rating for HANG LUNG PPT (00101) with a Target Price of HKD 6.5. The bank predicts that the company's basic earnings per share last year will decline by 22% year-on-year, which is 13% lower than the market's general expectations, mainly due to pressure on rent EBIT from mainland China and Hong Kong, as well as increased interest expenses. The final dividend per share is expected to decrease to HKD 0.52, similar to the reduction in the interim dividend, but the dividends still equate to 119% and 125% of the forecasted cash earnings per share for 2024 and 2025 respectively, indicating that there may be further risks to the dividend.

Sina Hong Kong stocks03:06 ET

Morgan Stanley: Maintains CMOC Group Limited "Shareholding" rating with a Target Price of 8.3 Hong Kong dollars.

Morgan Stanley released a research report indicating that CMOC Group Limited (03993) forecasts its preliminary profit for last year to reach 12.8 billion to 14.2 billion RMB, suggesting that the profit for the fourth quarter will be between 4.5 billion and 5.9 billion RMB, which is higher than the market expectation of about 3.5 billion RMB. This is believed to be due to an increase in sales volume and an effective tax rate returning to normal from the highs in the second and third quarters. Therefore, the company maintains a 'Shareholding' rating with a Target Price of 8.3 HKD for its H-shares. The report states that CMOC expects its copper production this year to reach 0.6 million to 0.66 million tons, roughly in line with last year’s actual production of 0.65 million tons. Morgan Stanley believes that the company's ultimate ambitions this year.

Sina Hong Kong stock.03:02 ET

Express News | Philippine's Maynilad Water Services Hires Banks Including Morgan Stanley and UBS to Work on More Than $500 Mln IPO, Sources Say

Reuters23:55 ET

Morgan Stanley Star Banker Michael Grimes Discussing Job in Trump Administration -- WSJ

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Morgan Stanley Star Banker Michael Grimes In Talks to Work for Trump Administration, Sources Say -- WSJ

WSJ20:38 ET

Grimes Is a Leading Banker to Elon Musk and Big Tech Companies -- WSJ

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