[ET Net News Agency, 9 March 2021] 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. (KL)
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01030 SEAZEN
Nominal 
1.220 +0.100 (+8.929%) Research Report
09/03/2021 14:14
{I-bank focus}JP Morgan lifts Seazen Group (01030) to HK$11
| Remark: | Real time quote last updated: 26/04/2024 18:00 |
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