[ET Net News Agency, 3 December 2019] Huatai Research lifted its target price for Logan
Property Holdings (03380) to HK$16.2 from HK$14.5 and maintained its "buy" rating.
The research house said Logan enjoys high earnings visibility thanks to its early
accumulation of urban renewal projects in the Greater Bay Area (GBA). The company is a
direct proxy for high-quality assets in the region.
Huatai believes Logan's story is well understood by the market, but its current
valuation is still at a reasonable level and offers a good entry point. It slightly
reduced core net profit forecasts for Logan by 0.1-5.1% in 2019-2021 to reflect its
refreshed physical property market outlook for 2019-2020 and its new project completion
schedule assumptions for Logan. (KL)
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03380 LOGAN GROUP
Nominal 
0.485 -0.005 (-1.020%) Research Report
03/12/2019 11:48
{I-bank focus}Huatai lifts Logan Property (03380) to HK$16.2
| Remark: | Real time quote last updated: 24/04/2024 17:59 |
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