Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>M Stanley Predicts CHINA OVERSEAS (00688.HK) Shr Price to Rise in Next 30 Days
Recommend 10 Positive 10 Negative 3 |
||||
|
||||
|
Morgan Stanley believed that the stock price of CHINA OVERSEAS (00688.HK) will rise in the next 30 days, with a probability of approx. 60-70% and rating at Equalweight. This is due to CHINA OVERSEAS' plan to spin off its shopping mall in Nanhai District, Foshan, into a REIT for independent listing on the Shenzhen Stock Exchange (SZSE), aiming to raise RMB1.355 billion, Morgan Stanley said. The transaction is pending regulatory approval, and, upon completion, CHINA OVERSEAS will hold a 20% stake in the REIT. The broker believed that the value release of the mature investment property will enhance CHINA OVERSEAS' core earnings and dividend, with estimated increase of 2-3%, possibly occurring in 2H25, and improve its asset turnover rate, maintaining its leverage ratio at a low level. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
