Guangdong Investment 9M revenue rises on water resources strength

Guangdong Investment

27/10/2026 11:32

Overview
Hong Kong water resources firm's nine-month revenue from continuing ops rose 10% yr/yr, driven by water resources
Net income attributable to owners from continuing ops increased 7.3% yr/yr
Company completed special dividend distribution of GD Land shares in January

Outlook
Company did not provide specific financial guidance for future quarters or full-year forecasts in the press release

Result Drivers
WATER RESOURCES GROWTH – Higher water-resources revenue drove the Group's 10.0% revenue increase; other water projects rose 16.5% to HK$6.54 bln
FINANCE COST SAVINGS – Net finance costs fell to HK$201 mln from HK$263 mln, supporting profit before tax growth
ENERGY COST PRESSURE – Higher coal prices cut GDH Energy's profit before tax 14.1% despite a 10.5% increase in electricity sales

Company press release: Full Story

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
9M Revenue from Cont Ops
 
HK$15.71 bln
 
9M Net Income Attributable from Cont Ops
 
HK$4.36 bln
 

Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the water & related utilities peer group is "buy."
Wall Street's median 12-month price target for Guangdong Investment Ltd is HK$9.50, about 9.6% above its October 27 closing price of HK$8.67
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

Reuters Recommended Reads
Oct 26 - Guangdong Land nine-month revenue drops 20% on lower property sales
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Oct 27 - China's Hengrui Pharma nine-month profit rises on out-licensing gains

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)