According to Zhitong Finance APP, Citi released a research report stating that the Target Price for GUANGDONG INV (00270) is HKD 7.3, reaffirming the "Buy" rating, as its expected 6.7% return in 2025 will be the highest among Hong Kong utility stocks; after disposing of its holdings in GD LAND, its earnings visibility will improve; and its financial condition will improve, with the net debt-to-equity ratio expected to drop from 28.5 percentage points to 35.1% next year.

The report indicates that GUANGDONG INV plans to distribute over 73% of its holdings in GD LAND (00124). After eliminating related property sales losses and asset impairments, the net income forecasts for GUANGDONG INV for 2025 to 2026 have been raised by 36% to 41%, and this equity will be distributed to the shareholders of GUANGDONG INV as a special dividend on January 21, 2025.