[ET Net News Agency, 30 March 2021] HSBC Global Research cut its target price for
Guangdong Investment (GDI) (00270) to HK$15 from HK$15.8 and downgraded its rating to
"hold" from "buy".
The research house said GDI's core profit, stripping out one-offs, including non-cash
income from construction, of HK$4.1bn was below HSBC's expectations.
HSBC has become concerned about the profitability of new water plants and overall cost
control, while non-utility businesses also seem to be recovering slower than expected,
especially property rentals and hotels in Hong Kong and parts of mainland China are still
lingering around pandemic implications. (KL)
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00270 GUANGDONG INV
Nominal 
3.690 +0.180 (+5.128%) Research Report
30/03/2021 14:09
{I-bank focus}HSBC downgrades Guangdong Inv (00270) to HK$15
| Remark: | Real time quote last updated: 25/04/2024 18:00 |
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