Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
RTNominal up5.290 +0.150 (+2.918%)

19/03/2021 15:01

{I-bank focus}Morgan lifts SJM Holdings (00880) to HK$13.5

[ET Net News Agency, 19 March 2021] Morgan Stanley lifted its target price for SJM
Holdings (00880) to HK$13.5 from HK$12 and maintained its "overweight" rating.
The research house increased SJM's 2022 EBITDA by 5%. Morgan raised its Mass revenue by
4% (to +33% versus 2019) and lower its 2022 opex by 6% (to +8% versus 2019). However, its
2022 EPS was only 1% higher as Morgan incorporated the ~HK$360m additional interest
expenses per year from the US$1bn bonds raised in end-Jan 2021.
Morgan believes SJM's Grand Lisboa Palace (expected to open in 3Q 2021) will help SJM to
gain market share, bringing in HK$1.1bn and HK$3.1bn EBITDA in 2021 and 2022. (KL)

Remark: Real time quote last updated: 17/09/2021 17:59
  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.