Stock Track | YUEXIU PROPERTY Surges 6.84% on Morgan Stanley's Bullish Outlook

Stock Track
07 Oct 2024

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10