On June 18th, Zhongjin Company's research report pointed out that Hangzhou Binjiang Real Estate Group (002244.SZ) continued to maintain a high level of land acquisition, emphasizing the speed and certainty of turnover; the volume of new projects in June is expected to improve the structure, and the balance sheet of assets and liabilities remains healthy with the hope of further optimization of the debt structure. The company's land reserve is highly focused on Hangzhou, with stable finances and smooth financing. It is optimistic about its valuation regression opportunity in the sector's transition from policy bottom to fundamental bottom through games. The rating of outperforming the industry is maintained, and the target price remains at 9.3 yuan, corresponding to 10/9 times the 2024/2025 P/E and 17% upside.
研报掘金丨中金：滨江集团负债结构有望继续优化，维持“跑赢行业”评级
Research reports | CICC: Hangzhou Binjiang Real Estate Group's debt structure is expected to continue to optimize, maintaining an "outperform industry" rating.
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