Glonghui, May 23 | Jefferies published a research report stating that it is expected that Lingzhan will allocate HK$2.53 per fund unit for the 2024-2025 fiscal year. It is expected that the increase in new assets and repurchases will offset the impact of rising interest rates during the steady return of the Hong Kong dollar. The bank believes that the Hong Kong retail industry is facing challenges, but many of the company's negative factors are already reflected in the stock price. The bank lowered the Group's target price from HK$43 to HK$41, equivalent to a 50% discount on its net asset value per share, and rated it “buy”. The bank said that if the cost of refinancing is too high, it can choose to repay the fixed loan with a HK$13 billion deposit. Overall, the bank expects the Group's financing costs to rise slightly to only about 4% in fiscal year 2025.
大行评级｜杰富瑞：下调领展目标价至41港元 评级“买入”
Major Bank Rating | Jefferies: Lowering the target price of Lingzhan to HK$41 for a “buy” rating
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