Guoco Group Sets Annual Caps for Increased Project Service Fees
Guoco Group's subsidiary, GPML, has entered into agreements with SPB and FWR for project management and services in residential projects. Due to increased sales and payments, Guoco Group has set annual caps for service fees to comply with Hong Kong's Listing Rules. The latest analyst rating for Guoco Group stock (HK:0053) is a Buy with a target price of HK$85.00.
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Guoco Group ( (HK:0053) ) has issued an update.
Guoco Group’s subsidiary, GPML, has entered into project management and services agreements with SPB and FWR, joint venture companies involved in residential projects. These agreements involve providing project management, financial coordination, and marketing services, among others. Due to recent market conditions, there has been a surge in sales and subsequent payments, leading to an increase in service fees beyond initial estimates. Consequently, Guoco Group has set annual caps for these transactions to comply with Hong Kong’s Listing Rules, ensuring transparency and adherence to regulatory requirements.
The most recent analyst rating on (HK:0053) stock is a Buy with a HK$85.00 price target. To see the full list of analyst forecasts on Guoco Group stock, see the HK:0053 Stock Forecast page.
More about Guoco Group
Average Trading Volume: 9,497
Technical Sentiment Signal: Buy
Current Market Cap: HK$25.95B
For a thorough assessment of 0053 stock, go to TipRanks’ Stock Analysis page.
