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<Research Report>JPM: GUANGDONG INV (00270.HK) Full-yr Div. Axed by 50% Is Negative Surprise
Although JP Morgan already expected GUANGDONG INV (00270.HK) to cut its dividend after the profit warning, the full-year dividend slashed by nearly 50% was a negative surprise, as ...
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<Research Report>JPM: GUANGDONG INV (00270.HK) Full-yr Div. Axed by 50% Is Negative Surprise
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Although JP Morgan already expected GUANGDONG INV (00270.HK)  +0.070 (+1.037%)    Short selling $27.31M; Ratio 19.860%   to cut its dividend after the profit warning, the full-year dividend slashed by nearly 50% was a negative surprise, as the broker forecast the company to keep stable payout with DPS/ EPS decline being in line. JP Morgan maintained an Overweight rating on GUANGDONG INV, with the TP $7.25 intact.

JP Morgan is awaiting guidance from GUANGDONG INV's management on its latest dividend policy after the company cut its dividend for the first time in more than 10 years. It is worth noting that the company made a separate announcement on the adoption of the revised dividend policy, in which it mentioned that the company’s dividend payment and payout will hinge on "actual and expected financial performance and position", "financing and business needs" and so on.

In JP Morgan's view, the company's latest dividend policy is not clear and the management needs to clarify to investors what level of dividend is considered sustainable.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-20 16:25.)

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