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<Research>Daiwa Upgrades GOLDWIND (02208.HK) to Outperform, Lifts TP to $17
Recommend 11 Positive 26 Negative 5 |
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Daiwa published a research report expecting that the potential investment returns of GOLDWIND (02208.HK) will support its short-term earnings performance and drive an interim valuation re-rating. Furthermore, the Company's unexecuted share buyback plan could also support its share price. Therefore, the broker upgraded the Company from Hold to Outperform, and lifted its target price for GOLDWIND's H-shares from $13 to $17. LandSpace planned to list on the STAR Market of the Shanghai Stock Exchange (SSE) this year, with its current valuation exceeding RMB20 billion, Daiwa added. The market projected the Company's valuation to be reassessed to RMB100 billion after listing. AASTOCKS Financial News Website: www.aastocks.com |
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