The Zhitong Finance App learned that Macquarie released a report saying that China Resources Land (01109)'s profit increased by 13.9% last year, down 11%-16% from the core profit forecast for 2019 to 2021, and raised its target price by 8.5% to HK$42.99, giving it an “outperform the market” rating.

According to the bank, the company plans to announce last year's annual results at the end of March. It is expected that the company's revenue will increase by 19%, rental income will rise 34%, gross margin will fall to 36.3%, core profit will rise by 13.9%, and the increase in earnings per share will slow to 13.3%. The dividend ratio is expected to be similar to last year, and the debt ratio will also decline due to previous allotments of shares.