[ET Net News Agency, 23 March 2021] HSBC Global Research lifted its target price for
Country Garden Services (06098) to HK$82 from HK$76 and maintained its "buy" rating.
The research house said CG Services reported strong FY2020 results, which reaffirms the
company's leading position in the industry. The company made a bullish RMB100bn revenue
guidance by 2025, which implies 45% CAGR in top-line during 2020-25.
HSBC revised up its core profit earnings estimates by 13%/20% in 2021/22, respectively.
(KL)