[ET Net News Agency, 21 December 2020] Guangdong Investment's (GDI) (00270) share price
is down by 22% year-to-date, Daiwa Research attributed the weakness to investor concerns
for its weak EPS and DPS on the COVID-19 impact, and uncertainty on Dongjiang water prices
for 2021-23.
However, the research house expects the Dongjiang water supply deal to HK to be
announced on 22 December. Given GDI's decent 5% 2021 dividend yield with 30bps yield
growth for 2022, Daiwa reiterated its "buy" rating and target price of HK$16.
It thinks the Dongjiang water price for 2021-23 will be flat based on the inflation
rate, CNY/HKD exchange rate, and real operating cost. It is unlikely to be cut. Daiwa sees
any slight price hike as a positive surprise, which would lift GDI's share price. (KL)
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Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
00270 GUANGDONG INV
Nominal 
3.690 0.000 (0.000%) Research Report
21/12/2020 10:42
{I-bank focus}Guangdong Invest's growth to resume in 2021
| Remark: | Real time quote last updated: 26/04/2024 09:20 |
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