[ET Net News Agency, 4 June 2024] HSBC Global Research raised the target price for China
State Con (03311) to HKD12.7 from HKD10.6 and maintained the "buy" rating.
The research house said potential share price catalysts include (1)
greater-than-expected market size of MiC buildings in Mainland China; (2) Hong Kong's
public housing and infrastructure budget support; and (3) confirmation of Mainland China's
dividend tax relief. (rc)