Goldman Sachs Reaffirms Buy Rating on China Res Mixc, Anticipates 10% Full-Year Profit Growth

Stock News07-21

Analysts at Goldman Sachs have issued a research report forecasting that CHINA RES MIXC (01209) will achieve double-digit profit growth in the first half of the year. This projection aligns with management's full-year guidance for double-digit growth, driven by the steady expansion of its shopping center portfolio, solid rental rate increases, and the development of its urban space services. The firm expects the interim dividend payout ratio to remain unchanged, representing a 100% distribution of core profits when including special dividends. Goldman Sachs has maintained its "Buy" rating and a target price of HK$52.

In light of an anticipated decline in office rental income and a potential slowdown in value-added service revenue, Goldman Sachs has lowered its earnings per share forecasts for CHINA RES MIXC (01209) for the years 2026 through 2028 by an average of approximately 1%. The current forecast now predicts a profit increase of around 10% for 2026, while maintaining an outlook for low double-digit growth for the 2027 to 2028 period.

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