DBS believes that Greentown China (03900) can maintain sales growth higher than its peers due to its high-quality land reserves.
According to the Zhongtong Financial APP, DBS released a research report stating that it believes Greentown China (03900) can maintain sales growth higher than its peers due to its high-quality land reserves. In addition, although the recognition of low-profit projects and higher write-offs will hinder the company's profit recovery this year, positive changes in the dividend policy should increase the visibility of dividend growth per share. The target price has been revised down from HKD 7.56 to HKD 7.05, with a rating of "shareholding".