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Horizon Construction Development Limited (HK:9930)
:9930
9930 Analyst Ratings
Moderate Buy
1 Buy
0 Hold
0 Sell
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers in the past 3 months
9930 Stock 12 Month Forecast
Average Price Target
HK$2.20
▲(77.42% Upside)
| Highest Price TargetHK$2.20 | Average Price TargetHK$2.20 | Lowest Price TargetHK$2.20 |
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.
Detailed List of Analyst Forecasts
Detailed List of Analyst Forecasts
CMB International Securities
HK$3.6
Buy
190.32%
Upside
Reiterated
08/09/24
We therefore forecast the net debt/equity ratio to rebound in 2024E. We revise down our 2024E/25E/26E earnings forecast by 2%/10%/12%, largely due to higher finance expense projections. We slightly cut our TP to HK$3.6 from HK$3.7, based on unchanged 10x 2024E P/E. Trading at <4x 2024E P/E, we think the downside risk is limited. Key highlights in 1H24 results: Revenue grew 16% YoY to RMB4.9bn. Gross margin contracted 2.1ppt YoY to 32%, as the 6.3ppt margin expansion of engineering service segment was offset by the contraction of operating lease (-2.5ppt) and asset management segment (-5.3ppt). Selling & distribution expense ratio increased 2.5ppt YoY to 5.4%. The net expected credit loss (ECL) ratio slightly dropped 0.5ppt YoY to 3.5%.
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Action
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CMB International Securities
HK$3.6
Buy
190.32%
Upside
Reiterated
08/09/24
We therefore forecast the net debt/equity ratio to rebound in 2024E. We revise down our 2024E/25E/26E earnings forecast by 2%/10%/12%, largely due to higher finance expense projections. We slightly cut our TP to HK$3.6 from HK$3.7, based on unchanged 10x 2024E P/E. Trading at <4x 2024E P/E, we think the downside risk is limited. Key highlights in 1H24 results: Revenue grew 16% YoY to RMB4.9bn. Gross margin contracted 2.1ppt YoY to 32%, as the 6.3ppt margin expansion of engineering service segment was offset by the contraction of operating lease (-2.5ppt) and asset management segment (-5.3ppt). Selling & distribution expense ratio increased 2.5ppt YoY to 5.4%. The net expected credit loss (ECL) ratio slightly dropped 0.5ppt YoY to 3.5%.
9930 Analyst Recommendation Trends
Rating
Apr 24
Jul 24
Aug 24
Oct 24
Mar 25
Strong Buy
3
3
4
3
4
Buy
0
0
0
1
1
Hold
0
0
0
0
0
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
3
3
4
4
5
Each month's total comprises the sum of three months' worth of ratings.
9930 Financial Forecast
9930 Stock Forecast FAQ
What is HK:9930’s average 12-month price target, according to analysts?
Based on analyst ratings, Horizon Construction Development Limited’s 12-month average price target is HK$2.20.
What is HK:9930’s upside potential, based on the analysts’ average price target?
Horizon Construction Development Limited has 77.42% upside potential, based on the analysts’ average price target.
Can I see which stocks the top-ranking analysts are rating?
Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
How can I follow the stock ratings of top Wall Street analysts?
Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
Is Horizon Construction Development Limited a Buy, Sell or Hold?
Horizon Construction Development Limited has a consensus rating of Moderate Buy, which is based on 1 buy ratings, 0 hold ratings and 0 sell ratings.
What is Horizon Construction Development Limited’s share price target?
The average share price target for Horizon Construction Development Limited is HK$2.20. This is based on 1 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst share price target is HK$2.20 ,and the lowest forecast is HK$2.20. The average share price target represents 77.42% Increase from the current price of HK$1.24.
The highest analyst share price target is HK$2.20 ,and the lowest forecast is HK$2.20. The average share price target represents 77.42% Increase from the current price of HK$1.24.
What do analysts say about Horizon Construction Development Limited?
Horizon Construction Development Limited’s analyst rating consensus is a Moderate Buy. This is based on the ratings of 1 Wall Streets Analysts.
How can I buy shares of Horizon Construction Development Limited?
To buy shares of HK:9930, you can open a brokerage account. See exclusive account opening deals on our Best Online Brokers page.