Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
02777 R&F PROPERTIES
RTNominal down0.870 -0.030 (-3.333%)
Research Report

20/12/2019 17:47

{I-bank focus}R&F's (02777) placement 7% EPS dilutive - UBS

[ET Net News Agency, 20 December 2019] UBS Global Research estimated Guangzhou R&F
Properties' (02777) placement of 273m shares could result in 7% EPS dilution after
factoring in some interest savings. Pro-forma net gearing should drop to 204% from 219% as
of end-June 2019.
Despite the short-term EPS dilution, the research house thinks the placement helps with
the company's gearing in the long-term by enlarging its equity base, helping to alleviate
investors' concern on its high gearing.
UBS reiterated its "buy" rating on R&F as it sees a substantial hidden land bank from
its urban redevelopment projects. Its price target of HK$22 was based on a 4.4x target
2020 PE. (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.