not vested
Brokers' Latest TPs, Views on SJM HOLDINGS (00880.HK) after QoQ Results (Table)
2019/05/02
Brokers│Investment Ratings│Target Prices (HKD)
Goldman Sachs│Buy (Conviction Buy list)│11.8->12.5
Bank of America Merrill Lynch│Neutral->Buy│9.4->12.3
Citigroup│Buy│11.7->12
JPMorgan│Overweight│10.5->11
CIMB│Hold│9.9
UBS│Sell│9.2
UOB Kay Hian│Hold│9
Daiwa│Hold│8.8
Morgan Stanley│Underweight│8.5
Credit Suisse│Underperform│7.9->8
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Brokers│Views
Goldman Sachs│Key beneficiary of mass GGR; re-rating room before Grand Lisboa Palace opening
Bank of America Merrill Lynch│Upgraded to Buy on Taipa biz potential & better governance
Citigroup│Net rev largely in-line; 2019-21E profits raised by 5%-12%
JPMorgan│QoQ results beat sharply
CIMB│Results beat; valuation too high
UBS│Positive price response to results
UOB Kay Hian│Strong mass GP growth
Daiwa│Results beat under better EBITDA margin mgmt
Morgan Stanley│Results beat driven by rising EBITDA margin, but not sure if persistent
Credit Suisse│Results beat backed by higher VIP win-rate
Source: AAstocks.com