Citi bought ratings for Greenland Hong Kong (00337.HK), and the target price dropped to 5.1 yuan.

According to the Citi report, as investors' risk appetite decreases, it is believed that several topics can drive Greenland Hong Kong (00337.HK), including a low base and high profit growth, financial services profits, parent enterprise capital injections and strategic partnerships. Although some have already been carried out, when investors discover more evidence of business profits, they can once again boost stock prices. The company has a parent company of a state-owned enterprise as a backing and several high-quality projects, and its market value is still undervalued.