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HSBC Research Hikes CTF SERVICES TP to HKD10.4; Results Broadly In Line
2026-09-25 16:08:28
HSBC Global Investment Research issued a report on CTF SERVICES (00659.HK), of which FY2026 results were broadly in line, with growth in financial services offsetting weakness in logistics and construction businesses. The broker maintained its Buy rating and raised the TP from HKD10 to HKD10.4.

The company's FY2026 net profit grew 11%, in line. Total dividend increased 6% YoY, in line with the progressive dividend policy. The company also proposed a 1-for-10 bonus issue. The current dividend yield is about 7%, which is appealing compared with peers.
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