HKR International Limited (HKR) Receives a Buy from DBS

HKR International Limited drew fresh analyst attention after DBS maintained a Buy rating and set a price target of HK$1.63. The note reiterated the view of analyst Jeff Yau, who covers the real estate sector and also follows companies including Hongkong Land Holdings and Henderson Land Development Co. According to TipRanks, Yau has delivered an average return of 12.3% with a 72.19% success rate on stock recommendations. The latest reported quarter ended September 30 showed HKR revenue of HK$1.93 billion and a GAAP net loss of HK$478.6 million, compared with HK$852.5 million revenue and a GAAP net loss of HK$474.3 million in the prior year period. TipRanks also cited consensus as a Moderate Buy with an average target of €0.18.