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<Research>Citi Raises GUANGDONG INV (00270.HK) TP to $7.3 w/ Earnings Forecasts Lifted Sharply
Recommend 8 Positive 20 Negative 3 |
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According to a report from Citi, GUANGDONG INV (00270.HK) plans to distribute over 73% of its holdings in GD LAND (00124.HK) as a special dividend to its shareholders on January 21, 2025. After excluding related property sales losses and asset impairments, the broker raised its 2025-2026 net profit forecasts for GUANGDONG INV by 36-41%. In anticipation that GUANGDONG INV's 6.7% yield in 2025 will be the highest among Hong Kong utility stocks, Citi set its target price for the company at $7.3, while reiterating a Buy rating. AAStocks Financial News |
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