Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00270 GUANGDONG INV
RTNominal down11.580 -0.160 (-1.363%)
Research Report

22/12/2020 14:45

{I-bank focus}Guangdong Inv's (00270) 4.9% yield attractive

[ET Net News Agency, 22 December 2020] Citi Research said a new water supply agreement
has been agreed by the Guangdong provincial government and Hong Kong government so that
Guangdong Investment (GDI) (00270) will receive HK$4,821m (flat) in 2021, HK$4,888-4,951m
(up 1.39-2.68%) in 2022 and HK$4,953-5,016m (up 1.33%) in 2023, with the actual payment
depending on usage volumes.
The research house thinks the mild increments are in line with GDI's guidance. More
importantly, the agreement should be conducive to mitigate share price overhang as this
revenue source is important representing 52% of GDI's 2020 pre-tax profit.
Amid a volatile stock market from uncertainty due to the global COVID-19 epidemic, GDI
should render a safe haven with more profits in 2021-23 being locked in by this agreement,
Citi said. Its 14.1x 2021 PER is 14% below the historical mean in the last 5 years, and
its 4.9% yield is attractive.
Citi reiterated its "buy" call and HK$16 target price on GDI. (KL)

Remark: Real time quote last updated: 17/06/2021 17:59
  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 2021 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.