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Citi Cuts SHENZHEN INVESTMENT (00604.HK) TP to HKD0.9, Maintains Buy Rating
Citi published a report stating that SHENZHEN INVESTMENT (00604.HK) is undergoing transformation through the following measures to achieve stable cash flow and profits, including e...
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Citi Cuts SHENZHEN INVESTMENT (00604.HK) TP to HKD0.9, Maintains Buy Rating
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Citi published a report stating that SHENZHEN INVESTMENT (00604.HK)  0.000 (0.000%)    Short selling $54.60K; Ratio 6.168%   is undergoing transformation through the following measures to achieve stable cash flow and profits, including expanding its assets under management to HKD50 billion and targeting HKD10 billion in recurring income by 2030; reducing reliance on property development; and enhancing operational and service capabilities, including asset recycling. SHENZHEN INVESTMENTs 2026 estimated sales target remains stable at HKD13 billion, and the company possesses resource advantages, with its urban renewal project in Chegongmiao, Shenzhen, already commencing construction.

Given its ample assets and a financing cost of only 3.47%, the bank believes SHENZHEN INVESTMENT can enhance returns by revitalizing its core assets in Shenzhen. It maintained a Buy rating and lowered the TP from HKD1.05 to HKD0.9. (ha/w)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-24 16:25.)



This article was automatically translated by AI, the Chinese 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.

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