[ET Net News Agency, 22 August 2019] Citi Research lifted slightly its target price for
Kerry Properties (00683) to HK$32.1 from HK$32 and maintained its "neutral" rating.
The research house said Kerry's 1H underlying net profit accounts for 67% of its prior
full-year estimate of HK$4,665mn. Citi said the results are in line with its expectations,
with a softer 2H of only HK$2.1bn unbooked sales to recognise in this half-year.
With relatively weak sentiment in the HK luxury residential segment and a soft pipeline
in HK, Citi forecast that FY2019-21 earnings will be stable at around HK$4.5-5bn. (KL)
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00683 KERRY PPT
Nominal 
14.480 +0.140 (+0.976%) Others
22/08/2019 09:58
{I-bank focus}Citi lifts Kerry Properties (00683) to HK$32.1
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