Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>UBS Expects CK ASSET/ HENDERSON LAND to Benefit from Structural Growth in Non-HK Students
Recommend 5 Positive 7 Negative 5 |
||||
|
||||
|
The CAGR of non-Hong Kong student enrollments is expected to reach 18% in 2020-24, and the annual growth could further increase by 10% to at least 140,000 students in 2029-30, according to a UBS research report. The broker considered this uptrend structural given the increase in enrollment quotas, reduced competition, and Hong Kong's world-class universities. UBS raised its target price for CK ASSET (01113.HK) from HKD31 to HKD42.9 and upgraded its rating to Buy, as CK ASSET is the largest local hotel operator, which may make it a beneficiary of improved hotel profitability, student dormitory conversions, and asset disposals. HENDERSON LAND (00012.HK) also continued to be rated Buy, with a target price of HKD29, thanks to its possession of more saleable resources located near universities, with 60% or 3,300 units suitable for student leasing. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
