not vested
<Post Result>Brokers' Latest Ratings & TPs on CK PROPERTY (01113.HK) (Table)
CK PROPERTY (01113.HK) announced the interim result of 2016 on 11 August (yesterday).
During the period, the net profit rose 24.9% yearly to $8.606 billion;
EPS was $2.23; interim dividend of 38 cents was declared, as compared to 35 cents a year ago.
During the period, the profit before investment property revaluation rose 50.6% yearly to $8.339 billion, higher than the market expectation.
The company said with a major focus on the property businesses, the group will also pursue other global investments to extend its reach to new business areas. The stock plunged 2.6% this morning to $55.55.
7 brokers listed their ratings and target prices, with 2 lifting target prices:
Broker/ Ratings/ Target prices (HK$)
JPMorgan/ Overweight/ 72.6
Goldman Sachs/ Buy/ 70->72
Daiwa/ Buy/ 71
UBS/ Buy/ 70.07
Credit Suisse/ Outperform/ 62.2->65.9
Bank of America Merrill Lynch/ Buy/ 61->65
Morgan Stanley/ Overweight/ 61
Source: AAStocks Financial News