On August 10, GLONGHUI | Citibank released a report stating that Kowloon Cang's core profit for the first half of the year reached HK$1,811 billion, reaching 42% of the bank's full-year forecast. Among them, income from investment property business fell 4% year-on-year, falling short of expectations; while the interim dividend remained flat at HK$0.2 per share. Based on the parent company's ideal operating performance, the bank believes that the current stock price level of Kowloon Cang is beneficial to its potential operating measures. It also believes that the company will take different measures and be a potential positive driver for stock prices. The bank lowered its target price from HK$25.2 to HK$24.5 to maintain its “buy” rating.
大行评级丨花旗：下调九龙仓集团目标价至24.5港元 评级“买入”
Bank Rating | Citibank: Lowering Kowloon Cang Group's Target Price to HK$24.5 Rating “Buy”
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