The Zhitong Finance App learned that Lyon released a research report stating that the target price of China Resources Land (01109.HK) was lowered from HK$42.4 to HK$40.8, maintaining the “outperforming the market” rating. The bank pointed out that although Rundi's performance is lower than that of leading state-owned enterprises in the short term due to concerns that profit forecasts may be lowered and sales growth in shopping malls will slow, its positive medium- to long-term outlook remains unchanged, and the company is still one of the bank's preferred stocks in the Chinese real estate sector for the next 12 months.
Zhitongcaijing · 2d ago
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The Zhitong Finance App learned that Lyon released a research report stating that the target price of China Resources Land (01109.HK) was lowered from HK$42.4 to HK$40.8, maintaining the “outperforming the market” rating. The bank pointed out that although Rundi's performance is lower than that of leading state-owned enterprises in the short term due to concerns that profit forecasts may be lowered and sales growth in shopping malls will slow, its positive medium- to long-term outlook remains unchanged, and the company is still one of the bank's preferred stocks in the Chinese real estate sector for the next 12 months.
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