Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00960 LONGFOR GROUP
RTNominal down45.250 -0.300 (-0.659%)
Research Report

11/06/2020 18:01

{I-bank focus}Nomura ups Longfor Group (00960) to HK$45.5

[ET Net News Agency, 11 June 2020] Nomura upped its target price for Longfor Group
Holdings (00960) to HK$45.5 from HK$44.85 and maintained its "buy" rating.
The research house estimated contracted sales to register a 10% CAGR in 2020-21, driving
sales to CNY293bn in 2021 (from CNY243bn in 2019).
Nomura thinks Longfor deserves a valuation premium, given its high-quality landbank (62%
in Tier 1 and core districts in Tier 2 cities), low funding cost (cost of funding at 4.6%
is the lowest among non-SOE developers), leading position in property management (industry
top 10 based on GFA under management) and shopping mall operation business and strong
corporate governance (business is run by professional managers). (KL)

Remark: Real time quote last updated: 21/01/2021 14:00
  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 2021 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.