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CHINA OVERSEAS Spikes 4% as HSBC Research Upgrades Stock to Buy
Recommend 16 Positive 20 Negative 10 |
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CHINA OVERSEAS (00688.HK) opened flat today and once peaked at HKD14.67. It last stood at HKD14.56, up 4.07%, with turnover of 35.6508 million shares, involving HKD514 million. CHINA RES LAND (01109.HK) opened 0.85% higher today and once reached a peak of HKD34.84. It last traded at HKD34.7, up 4.77%, with turnover of 11.8074 million shares, involving HKD405 million. HSBC Global Investment Research issued a report upgrading CHINA OVERSEAS from Hold to Buy, and raised its TP from HKD13.4 to HKD16.5, implying a potential upside of about 19.6%. The broker noted that the company's share price has lagged since the beginning of the year and that southbound shareholding remains low, suggesting catch-up potential. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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