Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
RTNominal down31.300 -0.250 (-0.792%)
Research Report

26/02/2021 14:22

{I-bank focus}Citi ups Hysan Development (00014) to HK$37.2

[ET Net News Agency, 26 February 2021] Citi Research lifted its target price for Hysan
Development (00014) to HK$37.2 from HK$33.2 and maintained its "buy" rating.
The research house said Hysan could be considered as the second HK property company
after Wharf REIC (01997) most levered to the HK luxury retail segment (on which Citi is
most bullish for 2021).
That said, Citi believes its significant debt and perpetual securities raised throughout
2020 would boost its interest expense and partially offset the positives on a potential
luxury recovery.
Given abundant cash on hand with an improving outlook on COVID-19 vaccinations, the
research house expects that Hysan will be able to maintain a steady DPS of HK$1.44/share
in spite of a further decline in FY2021 earnings.
It added that the stock is currently trading at a decent 4.3% yield. (KL)

Remark: Real time quote last updated: 23/07/2021 18:00
  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.