Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00880 SJM HOLDINGS
RTNominal up2.390 +0.020 (+0.844%)
Research Report

10/06/2020 10:32

{I-bank focus}Morgan cuts SJM Holdings (00880) to HK$11

[ET Net News Agency, 10 June 2020] Morgan Stanley lowered its target price for SJM
Holdings (00880) to HK$11 from HK$11.5 and maintained its "overweight " rating.
The research house cut its 2020 EBITDA from positive HK$1.2bn to negative HK$578m, while
2021 EBITDA was also lowered by 26%. This is because Morgan expects prolonged business
weakness for 2020 and social distancing will hurt Lisboa Palace's ramping up in 2021, even
though it also lowered its opex estimates slightly by 2-3% for 2021-22 as Macau operators
will benefit from continued cost reduction.
Morgan's 2022 estimates stayed largely the same. But its EPS estimates changed more
significantly as fixed cost estimates stayed mostly unchanged. (KL)

Remark: Real time quote last updated: 28/03/2024 18:00
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.