J.P. Morgan lifted its target price for Seazen Group (01030) to HK$11 from HK$9.5 and maintained its "overweight" rating.
The research house believes Seazen is on track for recovery after the incident with its chairman. Backed by a sufficient land bank and solid earnings growth, Seazen's fundamentals still appear solid.
Although sales growth will likely decelerate after slower land banking, JPM thinks Seazen is on track to gradually build up its recurring income. It believes the solid sales momentum, deleveraging, and proven track record in IP (investment property) executions will continue to drive a rerating.
09/03/2021 14:14
{I-bank focus}JP Morgan lifts Seazen Group (01030) to HK$11
- 經濟通
- 強化版MQ
- 強化版TQ
- 財曆
- Mobile
Web
