Glonghui, Feb. 27 | Goldman Sachs published a research report stating that Credit Bank (0083.HK) had a mid-term profit of HK$0.36 per share (same below) at the end of December last year, lower than the bank's forecast of $0.38; the interim dividend was $0.15, flat from year to year, in line with Goldman Sachs expectations. After taking into account the mid-term business and management's approach, Goldman Sachs lowered earnings per share by 9% for the current fiscal year and raised its earnings per share forecast for the 2024-2025 fiscal year by 9%, keeping the dividend unchanged at $0.57, that is, the average payout rate for the 2023-2025 fiscal year was about 78%. Due to changes in the net asset value of each share, the bank lowered its target price slightly from 10.7 yuan to 10.6 yuan and maintained its “sell-sell” rating.
大行评级 | 高盛：维持信和置业沽售评级 目标价下调至10.6港元
Major Bank Ratings | Goldman Sachs: Maintains Sino Real Estate Sales Rating Target Price Lowered to HK$10.6
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