Gelonghui, May 28 | CICC published a research report stating that Longhu Group's stock price has risen by about 50% since its low level on April 19. It is believed that it can preserve high-quality assets and polish its ability in the downward cycle, and ushered in valuation reshaping after the industry's fundamentals are repaired. The bank believes that there is still room for a reasonable market value of the company, and it is recommended to focus on dips layout opportunities. The bank maintained the Group's profit forecast and “outperforming the industry” rating, and raised its target price by 24% to HK$15.8, considering the company's active debt repayment schedule and expected to benefit from recent favorable policies and improved investor risk appetite.
研报掘金｜中金：上调龙湖集团目标价至15.8港元 维持“跑赢行业”评级
Research Nuggets | CICC: Raising Longhu Group's target price to HK$15.8 to maintain “outperforming the industry” rating
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