Bank of America Merrill Lynch published a report that rated the target price of the Jiulong Warehouse Group (00004-HK) from 67 yuan to 71 yuan as “buy”. It also pointed out that the spin-off investment property could release the value of Jiucang property. At the same time, it indicated that if Jiucang was willing to raise the dividend rate to 60%, there could be room for the stock price to rise by 17 yuan.
美银美林指九仓(00004-HK)分拆可释放价值
Bank of America Merrill Lynch says the spin-off of Jiucang (00004-HK) could release value
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