The Zhitong Finance App learned that Damo released a research report stating that the ESR (01821) target price was lowered by 5% to HK$19.9 from HK$20.9 to HK$19.9 to reflect the lower value of direct and indirect land and property ownership, as well as the lower share of development profit, and maintain the “increase in holdings” rating. At the same time, the bank lowered the company's earnings forecast per share. The current forecasts for 2023-2024 are 0.88 yuan and 1.06 yuan respectively, reflecting the lower development profit share and slower growth in the scale of asset management.
大摩：维持ESR(01821)“增持”评级 目标价降至19.9港元
Omo: Maintaining the ESR (01821) “Increase” Rating Target Price Lowered to HK$19.9
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