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Latest articles in Hong Kong

HK : Hong Kong Daybreak | 21 January 2022

CGS-CIMB Raymond
Raymond Cheng @ CGS-CIMB 21 January 2022

HK : Logan Group - Offshore liquidity boosts investor confidence

We think Logan will maintain its contracted sales target for FY22F at Rmb140bn, based on Rmb200bn saleable resources (same as FY21). Its offshore cash balance secures repayment of US$0.8bn senior notes due in Aug 21 and will be replenished by sales.....
CGS-CIMB Raymond
Raymond Cheng @ CGS-CIMB 21 January 2022

HK : New World Development - HK K11 portfolio begins to bear fruit

NWD saw upbeat sales and occupancy at its K11 malls in HK in 2HCY21. It expects ~65% occupancy for K11 Atelier office tower of 11 Skies in mid-2022. In the past three months, NWD has submitted three applications for farmland conversion in the north....
CGS-CIMB Raymond
Raymond Cheng @ CGS-CIMB 20 January 2022

HK : Xiaomi Corporation - Xiaomi guides solid FY22F outlook

Xiaomi expects continued solid growth in smartphone shipments in FY22F. Monetisation in the Internet services segment is set to accelerate in FY22F. Reiterate Add. Our target price of HK$27.38 is based on 20x FY22F P/E.  
CGS-CIMB Ray
Ray Kwok @ CGS-CIMB 20 January 2022

HK : Hong Kong Daybreak | 20 January 2022

CGS-CIMB Raymond
Raymond Cheng @ CGS-CIMB 20 January 2022

HK : Anta Sports - 4Q21 sales improved but net profit may miss

In 4Q21, retail sales growth of the Anta brand, Fila brand and other brands was in the mid-teens, high-single digits, and 30-35% yoy, respectively. The sales growth for Anta and Fila brands was improved from the 3Q21 level. For full year FY21, Anta....
CGS-CIMB Lei
Lei Yang @ CGS-CIMB 20 January 2022