According to the Smart Financial APP, Citigroup released a research report stating that it maintains a "neutral" rating for Guangdong inv (00270), with the target price raised from 4 Hong Kong dollars to 4.8 Hong Kong dollars. Citigroup has raised the net income forecast of Guangdong inv for 2024-26 by 0.4%, 2.3%, and 2.2% to reflect its lower financial costs and improved cash flow.

The report mentioned that considering the risks the company faces, the bank believes the expected P/E ratio of 8.9 times for Guangdong Inv in the 2024 fiscal year is reasonable. Although Guangdong Inv has increased its dividend payout ratio to 65%, which is higher than the bank's expected 50%, its earnings visibility still causes concern. The impairment losses from the group's real estate investments and its subsidiaries' real estate developments may reduce its net income performance and drag down dividends per share.