[ET Net News Agency, 7 August 2020] Daiwa Research lowered its target price for
Guangdong Investment (GDI)(00270) to HK$17 from HK$17.1 and maintained its "buy" rating.
The research house said GDI's share price has corrected by 17% since 13 July, likely due
to investors' concerns on its potentially weak 1H results. Daiwa thinks GDI's balance
sheet remains healthy and can still support 5-6% DPS CAGR over 2020-22.
It expects overhang of the 2021-23 Dongjiang water price for HK to be removed by October
2020. Daiwa cut its 2020-22 EPS forecasts by 1-3% on lower assumptions for rental income
and CNY:HKD exchange rate. (KL)
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00270 GUANGDONG INV
Nominal 
3.780 +0.090 (+2.439%) Others
07/08/2020 10:09
{I-bank focus}Daiwa lowers Guangdong Investment to HK$17
| Remark: | Real time quote last updated: 26/04/2024 12:52 |
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