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  • Citigroup raised Citic Securities (00669.HK) target price to 140 yuan, as the demand remains solid during the downward cycle of interest rates in Europe and America.

《大行》花旗升創科(00669.HK)目標價至140元 歐美利率下行週期需求穩固

Citigroup raised Citic Securities (00669.HK) target price to 140 yuan, as the demand remains solid during the downward cycle of interest rates in Europe and America.

AASTOCKS ·  Sep 30 13:50

Citi's report points out that in a period of declining interest rates in the USA or the EU, CKH Holdings (00669.HK) will see a decrease in financing costs. This may lead to improvements in the real estate market and construction activities, thus raising the group's earnings forecast for 2025 and 2026 by 1 to 2% per share. The bank expects that it will take 6 to 9 months for the group to see positive profit impacts after the Federal Reserve cuts interest rates, which should stimulate home sales and boost demand.

The bank has raised CKH's target price from 120 yuan to 140 yuan. Given the group's earnings recovery, it has a 'buy' rating. The bank estimates that the compound annual growth rate of the group's earnings from 2024 to 2026 will be around 18%.

The translation is provided by third-party software.


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