Standard
Chartered Bank tends to prefer rental stocks that have a bigger
proportion of suburban shopping malls as they are more defensive with
low base and continue to benefit from the asset improvement measures.
The bank recommended that investors should switch chips from urban
rental shares to suburban rental shares. HYSAN DEV (00014.HK) -0.150 (-0.409%) Short selling $12.87M; Ratio 38.922% 's
rating was downgraded to Lin-Line, with target price lowered by 15% to
$36.3 by the bank to reflect the high exposure of shopping malls to
urban area. Meanwhile, the bank lifted LINK REIT (00823.HK) +0.450 (+0.979%) Short selling $2.76M; Ratio 1.951% 's target price by 7% to $49.1; FORTUNE REIT (00778.HK) -0.060 (-0.844%) Short selling $612.61K; Ratio 5.687% 's target price was set at $7.62, with the Outperform rating unchanged.
CITIC Annual Net Profit Up 1.8% to $43.902B; Final Div $0.25 CITIC (00267.HK) -0.160 (-1.447%) Short selling $8.89M; Ratio 25.055% announced that for the year ended December 2017, net profit rose 1.8% yearly to $43.902 billion, with an EPS of $1.51. A final dividend of $0.25 was declared. Profit contribution from financial sector of the company amounted to $39.5 billion, up 3% yearly. CITIC Construction continued to make inroads securing projects, both domestically and internationally, particularly along the Belt and Road corridor.
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