The management of china res land is optimistic about the property profit margin for next year and is cautious about consumer growth.
According to Zhito Finance APP, Daiwa has published a research report maintaining a "buy" rating for china res land (01109), while reducing the earnings estimates for 2025 and 2026 by 4.5% and 10.4% respectively, and the target price has been lowered by 14%, from HKD 37.67 to HKD 32.4.
The firm indicated that it visited the Runhong City in Guangming District, Shenzhen, and the china res mixc (01209) shopping mall in Nanshan District; it mentioned that china res land's latest property sales and sales from its malls experienced good growth, although November's growth slightly slowed, there was still improvement compared to the third quarter. The management of china res land is optimistic about the property profit margin for next year and is cautious about consumer growth.