The Zhitong Finance app learned that HSBC released a report stating that it maintained the “buy” rating of Hejing Taifu (01813), with the target price of HK$13.6 unchanged.

According to the bank, the company's stock price performed best among many domestic housing stocks last year. Since mid-August, the stock price has rebounded by more than 85%. Despite strong performance, it is still expected that there is room for growth, and the shares can be further criticized. The bank also said that the company's current price is equivalent to 5.5 times the 2020 price-earnings ratio forecast. The valuation is cheap, and the dividend rate reaches 6%. It is the highest share covering domestic housing stocks, so Hejing Taifu is still a small domestic housing stock that the bank is optimistic about.