On July 2, China Resources Mixc Lifestyle rose 3.87% in regular trading, trading at HK$38.06/share, with turnover of HK$135 million.
The rally was driven by the approaching dividend payment date and continued business expansion. The company previously declared a final dividend of RMB 0.509 per share and a special dividend of RMB 0.341 per share, totaling approximately HK$0.977 per share, with a payment date set for July 31. The current dividend yield stands at approximately 5.3%, attracting capital inflows ahead of the distribution.
On the business front, Wuxi Mixc West Zone officially opened in late June, bringing the combined East-West commercial area to 336,000 square meters. Additionally, the company signed a strategic cooperation agreement with Juneyao Group to develop the Yichang Tiandi cultural-commercial-tourism project, covering approximately 130,000 square meters in the Dananmen district. Morgan Stanley previously assigned an Overweight rating with a target price of HK$55.47, citing attractive short-term valuations and projected high-single-digit same-store sales growth.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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