According to "The Big Banks," Bank of America Securities raised the target price for Shangri-La Asia to HKD 6.9, with a rating of "Buy."

The research report published by American Securities indicates that Shangri-La Asia (00069.HK) had an effective EBITDA of USD 370 million in the first half of the year, a year-on-year decrease of 3%, accounting for 48% of the full-year EBITDA forecast, which is basically in line with the full-year expectations. The effective revenue share in the first half decreased by 1% year-on-year to USD 1.263 billion. The firm stated that it has lowered its EBITDA forecast for this year by 0.5% to USD 762 million, raising its target price from HKD 6.3 to HKD 6.9, with a rating of "Buy."