Big Bank Rating | Citibank: Lowering the target price of Beijing Holdings to HK$32.8 for a “buy” rating

Gelonghui Finance · Apr 1 03:21

Citi released a research report stating that the net profit forecast for Beijing Holdings from 2024 to 25 was lowered, and the target price was lowered from HK$33 to HK$32.8, and the rating was “buy.” The bank anticipates that the company may gradually increase its dividend payout ratio and catch up with its peers by about 40% to 50%. According to the report, Beijing Holdings' net profit fell 15.6% year on year to 5.498 billion yuan, which is lower than expected. The annual dividend dividend was HK$1.6, and the dividend ratio rose to 33.1%, exceeding the target level of more than 30%. The company also reiterated that it will increase its dividend ratio next year.

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大行评级｜花旗：下调北京控股目标价至32.8港元 评级“买入”

Big Bank Rating | Citibank: Lowering the target price of Beijing Holdings to HK$32.8 for a “buy” rating

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大行评级｜花旗：下调北京控股目标价至32.8港元评级“买入”