The Zhitong Finance App learned that Bank of America Securities released a research report stating that it reiterated the “buy” rating of Kowloon Warehouse Real Estate (00004). Although there were major losses due to provisions last year, the operating performance was still in line with expectations, with a target price of HK$27.

The bank expects the group's business to rebound strongly this year. Due to economic recovery after the pandemic, it also believes that the market account ratio of 0.35 times is very attractive. In particular, net cash and investment amounts per share account for more than 60% of the price per share. However, Jiucang does not comment on whether Huifeng will continue to increase its group holdings in the open market.