Shares of YUEXIU PROPERTY (00123) soared by 6.84% on October 7th, 2024, fueled by a bullish outlook from Morgan Stanley. The investment bank set a target price of HKD 5.48 for the stock, reflecting confidence in the company's strong fundamentals and growth prospects.
According to Morgan Stanley's analysis, YUEXIU PROPERTY is poised to benefit from its superior sales performance, robust profitability, and attractive dividend prospects. The firm cited the company's high-quality saleable resources and a robust land reserve pipeline as key strengths underpinning its positive stance.
The surge in YUEXIU PROPERTY's stock price aligns with the broader rally in the Hong Kong market, where major indices such as the Hang Seng Index (HSI), Hang Seng China Enterprises Index (HSCEI), and Hang Seng Tech Index (HSTECH) all posted significant gains. Sectors like Asset Management & Custody Banks, Aerospace & Defense, and Advertising led the charge, reflecting strong investor sentiment across various industries.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。