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RTNominal down16.580 -0.060 (-0.361%)
Research Report

05/07/2019 10:23

[I-bank focus]Daiwa raises Guangdong Investment to HK$18.3

[ET Net News Agency, 5 July 2019] Daiwa Research raised its target price for Guangdong
Investment (GDI)(00270) to HK$18.3 from HK$17.2 but downgraded its rating to "outperform"
from "buy".
The research house said GDI's share price has risen by 5% since 3 May, mainly due to
investors' risk-averse behavior post the escalation in the China-US trade dispute.
Daiwa sees three major earnings growth drivers in 2019, (1) non-Dongjiang water
projects, (2) the Zhuguanglu property project, and (3) the Dongguan Yinping Road PPP
project. (KL)

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