Citigroup: reaffirming GUANGDONG INV (00270) "Buy" rating with a Target Price of 7.3 HKD.

Citigroup expects that GUANGDONG INV will have a 6.7% return rate in 2025, which will be the highest among Hong Kong utility stocks.

Zhitong FinanceDec 19 10:27 · Ratings

Citi raised the Target Price for Yue Tong (00270.HK) to 7.3 yuan and significantly upgraded its earnings forecast.

Citi released a report indicating that GUANGDONG INV (00270.HK) plans to distribute over 73% of its holdings in GD LAND (00124.HK). After excluding related property sale losses and Asset impairments, the net profit forecast for GUANGDONG INV for 2025 to 2026 has been adjusted upward by 36 to 41%. This share distribution will be paid as a special dividend to GUANGDONG INV's Shareholders on January 21, 2025. Citi's Target Price for GUANGDONG INV is set at 7.3 HKD, reiterating a 'Buy' rating, as it expects a 6.7% yield in 2025, which will be the highest among Hong Kong utility stocks; the visibility of earnings will improve after disposing of GD LAND holdings; and its financial status.

AASTOCKSDec 19 09:56

Yuetou (00270.HK) launched its first mixed-ownership project, the "Yuehai 181 Hotel," which opened in Sai Wan.

Oasis Avenue Ltd, established by GUANGDONG INV (00270.HK) under the Guangdong (International) Hotel Group and CH INNOVATION (01217.HK), along with the employee stock ownership platform of GUANGDONG INV International Hotel, has launched the first mixed-ownership hotel project in Hong Kong, "GUANGDONG INV 181 Hotel" (Oasis Aurum 181), which officially opened recently. The hotel is located at 181 Connaught Road West in Sai Wan, offering 182 rooms, and was previously owned by LIU CHONG HING (00194.HK) as the One-Eight-One Hotel.

AASTOCKSDec 18 09:18

This week's Hong Kong stock bull | The "first domestic makeup stock" in Hong Kong! Mao Ge Ping soared over 86% in its first week of listing; Consumer encouragement policies are expected to continue to strengthen, and Lao Pu Gold has increased by over 20%.

This week, the Hang Seng Index increased by 0.53%, closing at 19,971.24 points; during the same period, the Hang Seng TECH Index rose by 0.33%, closing at 4,479.6 points; the Hang Seng China Enterprises Index increased by 0.7%, closing at 7,186.59 points.

Futu NewsDec 14 11:52

Quick look at the Hong Kong market | The Hong Kong stock market continues to decline in the afternoon, with all three major indices falling over 2%; The drops in the tech, Autos, and Mainland Real Estate sectors have widened, with SUNAC down over 8%, Xpen

Network Technology stocks fell, MEITUAN-W dropped 3.73%, NTES-S fell 2.90%; most Alcoholic Beverages stocks declined, GRACEWINE dropped 9.36%, TIBET WATER rose 7.69%; most semiconductor stocks declined, SHEEN TAI rose 5.82%, HG SEMI fell 5.00%;

Futu NewsDec 13 16:24

Hong Kong stocks movement | GUANGDONG INV (00270) rose over 4% before noon, accumulating a 22% rise this week. The company is divesting from its real estate Business to focus on Water Affairs.

GUANGDONG INV (00270) rose over 4% in the morning, with a cumulative increase of 22% this week. As of the time of writing, it rose by 3.85%, priced at 6.2 Hong Kong dollars, with a trading volume of 0.248 billion Hong Kong dollars.

Zhitong FinanceDec 12 11:59