Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Real-Time Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
RTNominal down9.740 -0.360 (-3.564%)

09/10/2019 09:47

{I-bank focus}HSBC starts Legend Holdings (03396) at HK$21

[ET Net News Agency, 9 October 2019] HSBC Global Research initiated coverage on Legend
Holdings (03396) with a "buy" rating and a target price of HK$21.
The research house said Legend's first key investment, Lenovo (00992), delivered a
strong turnaround in net profit of US$597m in FY2019 (ended March 2019). Looking ahead,
HSBC is positive on Lenovo for its leading position in PCs and continued improvement in
its mobile and data center businesses and forecasts a further 32% earnings growth for
FY2020. This will be a major earnings driver for Legend this year.
Despite the private equity market cooling down in China last year, Legend's angel,
private equity and venture capital platforms continue to cement their leading position in
this space.
Given the strong branding, SOE background and efficiency of scale, Legend is
well-positioned to benefit from the structural long-term growth of China's private equity
market and reforms, i.e. registration-based IPO and launch of the Science and Technology
Innovation Board.
HSBC estimated an 11% net profit CAGR in 2018-21, versus -2% CAGR since its IPO in 2015.

Previous︰27/12/2019 11:46  Legend Holdings (03396) unit to set up fund

Remark: Real time quote last updated: 27/03/2020 17:59
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2020 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.