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RTNominal down45.350 -0.200 (-0.439%)
Research Report

27/08/2020 16:33

{I-bank focus}HSBC lifts Longfor Group (00960) to HK$43.2

[ET Net News Agency, 27 August 2020] HSBC Global Research lifted its target price for
Longfor Group (00960) to HK$43.2 from HK$38.2 and maintained its "buy" rating.
The research house said Longfor reproted solid 1H results, meeting the market's high
expectations. Management has kept its strategic clarity, along with well aligned resource
allocation among the sub-business segments.
But HSBC noted that a few similar-size peers are rapidly catching up in terms of growth
and quality. As such, HSBC expects to see some rotation among stocks. (KL)

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