Conglomerate CK Hutchison, in particular, now bears a 16% higher price objective of HK$72 ($11.68).
Investors in Hong Kong-listed developers and landlords are increasingly willing to look through near-term low dividend yields on expectations of a multi‑year cyclical upturn, claim Bank of America (BofA) Securities analysts.
This has prompted equity research analysts Karl Choi and Fan Tso to raise their price objectives — or target prices — on a raft of Hong Kong names by an average of 10%.
