Guangdong inv (00270) declared a special dividend of 1.262 billion shares of gd land (00124) to shareholders.
According to the Zhitong Finance APP, Citibank released a research report stating that due to Guangdong inv (00270) declaring a special dividend of 1.262 billion shares of gd land (00124) to shareholders, the bank upgraded the rating of Guangdong inv from 'Neutral' to 'Buy', and raised the target price by 25%, from 4.8 Hong Kong dollars to 6 Hong Kong dollars.
The bank expressed a bullish outlook on this move, believing that the trade will improve the profitability visibility of Guangdong inv, and the group's financial condition will also improve due to a reduced debt-to-asset ratio. Meanwhile, Citibank believes that Guangdong inv's yield for 2025 is 7.6%, the highest among Hong Kong utilities industry, making it very attractive.
