Glonghui, September 25 | Guichuang Tongqiao (2190.HK) continued to rise in early trading. At one point, the stock price rose more than 13% against the market to HK$8.6. According to the news, Guichuang Tongqiao's latest announcement stated that according to the 2021 H-share Reward Trust Plan, 817,000 shares have been repurchased on the market in the past month. As of the announcement date, the trust plan's share repurchase amount exceeded HK$48.27 million. Furthermore, Morgan Stanley's latest research report gave Guichuang Tongqiao a “Overfit” (Overfit) rating, with a target price of HK$18.2. Morgan Stanley expects that the company's stock is likely to rise over the next 60 trading days. Morgan Stanley believes that as of June 30, 2023, the total amount of capital at the company's disposal (including cash and cash equivalents, time deposits, and financial assets measured at fair value and whose changes are included in current profit and loss) was 2.59 billion yuan. Also, considering that the company is expected to achieve break-even in 2023 or 2024, the current valuation of the company's stock is attractive.
港股异动丨归创通桥一度涨超13%，获摩根士丹利“超配”评级，目标价18.2港元
Changes in Hong Kong stocks 丨 Guichuang Tongqiao once rose more than 13% and received a “overfit” rating from Morgan Stanley. The target price was HK$18.2
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.