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<Research Report>M Stanley Assumes 70-80% Chance for ESR (01821.HK) Shr Rise in 45 Days
Morgan Stanley wrote in a report that ESR (01821.HK)'s share price has about 70% to 80% chance to rise within 45 days. The broker gave the group a target price of $17.5 and an ...
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<Research Report>M Stanley Assumes 70-80% Chance for ESR (01821.HK) Shr Rise in 45 Days
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Morgan Stanley wrote in a report that ESR (01821.HK)'s share price has about 70% to 80% chance to rise within 45 days. The broker gave the group a target price of $17.5 and an Overweight rating.

Morgan pointed out that since the group announced a reduction in last year's net profit last Thursday (21 Mar), the stock fell to a low since its listing in 2019. However, the broker believes that a rebound in earnings this year, coupled with the resumption of share buybacks, will support a higher valuation for the group.

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