Golden Wealth News | Guangdong Inv (00270) shows a strong performance against the market, with a rise of 3.82% as of the time of writing, priced at 4.89 HKD.

In terms of news, the company announced that it will hold a board of directors meeting on the 9th of next month to consider and approve the proposal to declare and distribute special dividends to the shareholders, as well as to handle any other related matters.

In addition, Bank of America Securities expects that Guangdong Inv's better-performing Guangzhou real estate development projects will start to recognize profits next year, and the exposure to real estate inventory will decrease, indicating potential for increased dividends next year. Furthermore, based on the current payout ratio of 65%, the group may need to raise funds to extend the concession rights for the Dongjiang Water Affairs project, which expires in 2030. Therefore, the bank reiterates its 'neutral' rating for the group, raising the target price from 4.8 HKD to 4.9 HKD.