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📖 Day 1 · Quiz (Single Choic
Citigroup lowers target price of Green City to 3.55 Hong Kong dollars, lowers earnings forecast
On February 13th, Jins data reported that Citigroup released a research report, lowering its earnings per share forecasts for Logan Property (09979.HK) for the fiscal years 2024 to 2026 by 19%, 17%, and 14% respectively, mainly due to the decline in profit margins and cash receipts. The bank also lowered Logan Property's H-share target price from 4.5 Hong Kong dollars to 3.55 Hong Kong dollars, considering the company's asset-light business model and strong operating cash flow, and maintaining a buy rating.