The Zhitong Finance App learned that CICC released a research report stating that it will keep its profit forecast for 2026 and 2027 unchanged, maintain the “neutral” rating of Country Garden Services (06098), and lower the target price by 17% to HK$6.5 to reflect the decline in the market's risk appetite for this sector. The current price of the stock corresponds to 6 times the predicted core price-earnings ratio in 2026, and the expected dividend rate of 9.5% in 2026.

Country Garden Services Profit and Loss Statement showed initial signs of stabilization, maintaining a positive view of shareholder returns. Its revenue for the first half of the year increased 6% year over year to RMB 24.5 billion; net profit fell 5% year on year to RMB 950 million; core net profit increased 3% year over year to RMB 1.62 billion, regaining year-on-year growth. The results are in line with this forecast.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.