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RTNominal down11.580 -0.160 (-1.363%)
Research Report

30/03/2021 14:09

{I-bank focus}HSBC downgrades Guangdong Inv (00270) to HK$15

[ET Net News Agency, 30 March 2021] HSBC Global Research cut its target price for
Guangdong Investment (GDI) (00270) to HK$15 from HK$15.8 and downgraded its rating to
"hold" from "buy".
The research house said GDI's core profit, stripping out one-offs, including non-cash
income from construction, of HK$4.1bn was below HSBC's expectations.
HSBC has become concerned about the profitability of new water plants and overall cost
control, while non-utility businesses also seem to be recovering slower than expected,
especially property rentals and hotels in Hong Kong and parts of mainland China are still
lingering around pandemic implications. (KL)

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