Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
CHINA RES LAND Rises ~4%; M Stanley Sees Improved Visibility for Return to Positive EPS & DPS Growth
Recommend 5 Positive 8 Negative 4 |
||||
|
||||
|
CHINA RES LAND (01109.HK) opened 1.16% higher today and once peaked at HKD32.44. It last traded at HKD32.12, up 3.81%, with a volume of 11.1724 million shares, involving HKD358 million. The company has announced the spin-off of two wholly owned shopping malls in tier-3 cities (Nantong and Linyi) to establish a new public REIT on the Shenzhen Stock Exchange, according to a Morgan Stanley research report. It plans to retain a 20-30% stake in the REIT, while CHINA RES MIXC (01209.HK) will continue to serve as an operator. Factoring in the potential disposals of Chengdu MixC and Kunshan MixC One (both likely in late 2Q26 or 3Q26), Morgan Stanley estimated visibility for a return to positive EPS and DPS growth would improve. It has kept an Overweight rating and a target price of HKD39.3 on CHINA RES LAND. CHINA RES LAND remains its industry top pick. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
