00270 GUANGDONG INV
- 6.370
- -0.030-0.47%
GUANGDONG INV News
This week's Hong Kong stock bull | The "first domestic makeup stock" in Hong Kong! Mao Ge Ping soared over 86% in its first week of listing; Consumer encouragement policies are expected to continue to strengthen, and Lao Pu Gold has increased by over 20%.
This week, the Hang Seng Index increased by 0.53%, closing at 19,971.24 points; during the same period, the Hang Seng TECH Index rose by 0.33%, closing at 4,479.6 points; the Hang Seng China Enterprises Index increased by 0.7%, closing at 7,186.59 points.
Quick look at the Hong Kong market | The Hong Kong stock market continues to decline in the afternoon, with all three major indices falling over 2%; The drops in the tech, Autos, and Mainland Real Estate sectors have widened, with SUNAC down over 8%, Xpen
Network Technology stocks fell, MEITUAN-W dropped 3.73%, NTES-S fell 2.90%; most Alcoholic Beverages stocks declined, GRACEWINE dropped 9.36%, TIBET WATER rose 7.69%; most semiconductor stocks declined, SHEEN TAI rose 5.82%, HG SEMI fell 5.00%;
Hong Kong stocks movement | GUANGDONG INV (00270) rose over 4% before noon, accumulating a 22% rise this week. The company is divesting from its real estate Business to focus on Water Affairs.
GUANGDONG INV (00270) rose over 4% in the morning, with a cumulative increase of 22% this week. As of the time of writing, it rose by 3.85%, priced at 6.2 Hong Kong dollars, with a trading volume of 0.248 billion Hong Kong dollars.
Hong Kong Stock Market Afternoon Review | The three major Indexes showed mixed results, with Gold and Medical Devices stocks rising, Siasun Robot&Automation surged over 24%, and ZHAOJIN MINING increased by over 5%.
Network Technology stocks declined, with Bilibili-W falling by 2.93% and SenseTime-W dropping by 1.25%; Golden Industrial Concept stocks strengthened, as LINGBAO GOLD rose by 6.18% and ZHAOJIN MINING increased by 5.47%; Insurance stocks decreased, with China Pacific Insurance down by 2.08% and New China Life Insurance falling by 1.34%;
Morgan Stanley maintains a "Shareholding" rating on GUANGDONG INV (00270), with the Target Price raised to HKD 6.79.
Morgan Stanley maintains earnings per share of HKD 0.55 and HKD 0.61 for Guangdong Investment for this year and next year, with the earnings per share forecast for 2026 raised to HKD 0.65.
SWHY: Maintain the "Buy" rating on GUANGDONG INV, focusing on Water Affairs to highlight dividend value.
SWHY released a research report stating that it maintains a 'Buy' rating for GUANGDONG INV (00270). Given that this divestment plan still requires approval from a special shareholders' meeting (scheduled for January 8, 2025), the company maintains its profit forecast for 2024-2026 at 4.003/4.101/4.12 billion HKD. The bank believes that the company's Water Affairs core business is developing steadily, with high-quality core Dongjiang water assets. Along with the divestment of real estate business, the company's performance and valuation are expected to improve significantly. In addition, on December 9, the company announced a proposal to declare a special dividend by distributing shares of GD LAND. The main points from SWHY are as follows.
SWHY: Maintains GUANGDONG INV (00270) 'Buy' rating, focusing on Water Affairs to highlight dividend value.
On December 9th, the company announced a proposal to declare a special dividend by distributing GD LAND shares in kind.
GUANGDONG INV (00270.HK): Plans to distribute special dividends to divest real estate, focus on Water Affairs to highlight dividend value.
Investment highlights: Event: On December 9, the company announced a proposal to distribute special dividends in the form of physical shares of GD LAND. The planned special dividend will divest the real estate business, and in the future, GUANGDONG INV will no longer Hold GD LAND, focusing on the main Water Affairs business.
Honk Kong Market Overview | All three major indices fell, with the Technology Index down over 1%; domestic property stocks and China-Affiliated Brokerage stocks declined, with SenseTime leading the decline in Network Technology stocks, down over 13%; Mao
Network technology stocks generally fell, SenseTime-W dropped 13.51%, Kuaishou-W fell 2.68%; most apple supplier stocks declined, Cowell fell 5.59%, BYD Electronics dropped 3.73%; most biotechnology stocks decreased, Jingtai Holdings-P fell 7.68%, beigene dropped 5.68%;
Guangdong Investment Raised to Buy From Neutral by Citigroup >0270.HK
Citi: Raises the target price for guangdong inv to 6 Hong Kong dollars and upgrades the rating to 'buy'.
Citi released a research report stating that the rating of guangdong inv (00270) was upgraded from 'neutral' to 'buy' due to the declaration of 1.262 billion shares of gd land (00124) as a special dividend for shareholders. The target price was raised by 25%, from HKD 4.8 to HKD 6. The bank expressed bullish sentiment regarding this move, as it believes this trade will improve the earnings visibility of guangdong inv and enhance the group's financial status due to the reduction in the debt-to-equity ratio. Additionally, Citi expects guangdong inv's return in 2025 to be 7.6%, the highest among Hong Kong utilities industry, making it very attractive.
Citi upgraded the rating of Yuexiu Property (00270.HK) to "buy" and raised the target price to 6 yuan.
Yuetai (00270.HK) announced plans to distribute gd land (00124.HK) shares as a special dividend. Citigroup's research report upgraded the rating of Yuetai from "neutral" to "buy" due to cheap valuations, with the target price rising from 4.8 to 6 Hong Kong dollars. The firm is bullish on this trade for three reasons: first, Yuetai's earnings outlook becomes clearer without the losses and uncertainties associated with gd land; second, Yuetai's financial situation will improve, and debt levels will decrease; finally, Yuetai's expected dividend yield in 2025 will reach 7.6%, the highest among Hong Kong utility stocks.
Citigroup: Raises Guangdong Inv (00270) target price to 6 HKD, rating to "buy".
Guangdong inv (00270) declared a special dividend of 1.262 billion shares of gd land (00124) as a shareholder.
[Hong Kong Stock Connect] Guangdong Inv (00270) rose by 9%, plans to distribute 73.72% of its shares in gd land, Citibank raises its target price by 25%.
Jinwu Financial News | Guangdong Inv (00270) had a strong stock price in the morning session, as of this report, trading at HKD 5.69, up 9%, with a transaction amount of HKD 0.242 billion. According to the news, the company proposes to pay a special dividend in the form of a physical distribution of shares in gd land (00124), based on a benchmark of 0.193 shares of gd land for every 1 share held, involving a distribution of 1.261 billion shares, accounting for approximately 73.72% of gd land's equity. Guangdong Inv plans to streamline its business activities and concentrate resources on core business to maintain stable business development by divesting the property development business held by the gd land Group through the proposed distribution. Citibank is bullish on this move.
Yue Investment (00270.HK) plans to distribute 73.72% stake in gd land (00124.HK) based on a ratio of 0.193 shares for every 1 share.
Guangdong Inv (00270.HK) announced a proposal to pay a special dividend in the form of a distribution of shares in GD Land (00124.HK), with a benchmark of receiving 0.193 shares of GD Land for each share held, involving a distribution of 1.261 billion shares, accounting for about 73.72% of GD Land's capital. Guangdong Inv intends to divest the property development business held by the GD Land Group through the proposed distribution, in order to streamline business activities and concentrate resources on core business for stable development.
Guangdong inv (00270) recommends distributing gd land shares in kind.
gd land (00124) and guangdong inv (00270) jointly announced that the board of directors of guangdong inv proposed a physical distribution...
GUANGDONG INV: (1) PROPOSED DECLARATION OF SPECIAL DIVIDEND BY GDI BY WAY OF DISTRIBUTION IN SPECIE OF GDL SHARES; (2) RECORD DATE AND CLOSURE OF REGISTER OF MEMBERS OF GDI; AND (3) CONTINUING CONNECTED TRANSACTIONS FOR THE PURPOSE OF RULE ...
Bank of America Securities: Upgraded guangdong inv rating to 'buy', target price raised to 5.2 Hong Kong dollars
Bank of America Securities has released a research report stating that it has upgraded guangdong inv (00270) from "neutral" to "buy". It expects the net income for the fiscal year 2024 to remain flat year-on-year, with an average compound annual growth rate of 11% from 2025 to 2026. The dividend yields from 2024 to 2026 are attractive, being over 6.8%, 7.8%, and 8.3% respectively. Furthermore, it has adjusted the earnings per share down by 4%, 15%, and 15% for 2024 to 2026, and raised the target price from 4.9 HKD to 5.2 HKD. The report stated that the management of guangdong inv will discuss the possibility of distributing a special dividend on December 9 to enhance investor confidence.
[Hong Kong Stock Connect] Guangdong Inv (00270) rises 3.82% against the market trend and plans to distribute a special dividend. Bank of America raises its target price by 2.08%.
Golden Guardian Financial News | Guangdong Inv (00270) strengthened against the market, as of the time of publication, rose by 3.82%, to 4.89 Hong Kong dollars. On the news front, the company announced that it will hold a board of directors meeting on the 9th of next month to consider and approve the proposal to declare and distribute special dividends to the company's shareholders, as well as to address any other relevant matters. In addition, Bank of America Securities expects that the profitable Guangzhou real estate development project of Guangdong Inv will start recognizing profits next year, and the exposure to real estate inventory will decrease, expecting an increase in dividends next year. Furthermore, based on the current 65% dividend payout ratio, the group may need to raise funds for extending.
GUANGDONG INV: NOTIFICATION OF BOARD MEETING AND PROPOSED DECLARATION OF SPECIAL DIVIDEND
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