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<Research>UBS Downgrades HANG LUNG PPT (00101.HK) to Neutral, Sees Lack of Re-rating Catalysts in Near Term
Recommend 2 Positive 5 Negative 2 |
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UBS issued a research report downgrading HANG LUNG PPT (00101.HK) from Buy to Neutral, as its current share price has reached UBS' target price, and expecting a lack of re-rating catalysts in the near term, with its target price kept at $9.6. UBS believed that the Company has limited room to increase dividends in the short term, as its operating cash flow is only just sufficient to cover annual dividends. Meanwhile, Hangzhou Westlake 66 requires time to become fully operational, with several top-tier luxury brands yet to officially commit to the mall. Auto-translated by AI AASTOCKS Financial News |
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