[ET Net News Agency, 15 July 2020] CMB International Securities (CMBIS) raised its
target price for Agile Group Holdings (03383) to HK$13.71 from HK$10.65 and maintained its
"buy" rating.
The research house forecast Agile's revenue and net profit to grow by 6.1% to RMB28.8bn
and 6.5% to RMB5.4bn in 1H, partly benefited from Hainan housing policy relaxation.
Furthermore, it adjusted up its earnings forecast due to more booking from Hainan and a
rise in A-Living (03319) share price.
On the other hand, Agile is working to spin off A-City Group and listing on HKEx. A-City
Group is a leading ecological habitat service provider with operation in 119 cities in 27
provinces in China. CMBIS expects the spin-off of A-City would enhance the value of Agile.
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03383 AGILE GROUP
Nominal 
0.430 +0.010 (+2.381%) Others
15/07/2020 17:32
CMBIS raises Agile Group (03383) to HK$13.71; "buy"
| Remark: | Real time quote last updated: 20/09/2024 18:00 |
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