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26403 CT-HSI @EC2411D (CALL)
RT Nominal unchange0.520 0.000 (0.000%)

05/09/2024 14:30

{I-bank focus}HSBC keeps China Hongqiao (01378) at HKD13.9

[ET Net News Agency, 5 September 2024] HSBC Global Research kept the target price for
China Hongqiao (01378) at HKD13.9 and maintained the "buy" rating.
The research house said it expects the share price to rebound as (1) demand concerns
look overdone; (2) earnings remain close to historical highs, and (3) valuation is
attractive with a dividend yield of c10%. (rc)

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