Zhitong Finance APP learned that Citigroup released a research report stating thatChina Resources Land(01109) "Buy" rating, believing that with its sufficient first-and second-tier land reserves, low-cost financing, ESG and attractive valuation, it is listed as the top choice in the industry, and the target price is raised from HK $46.1 to HK $48. The company's goal this year is: the sales of mainland real estate development projects will reach the top 5, and commercial projects will achieve a 20% growth. Among them, the gross profit margin of 10 new shopping malls will be 70% to 75%, and it will pay attention to the return on assets (ROIC) and light Asset revenue and profit increased by more than 30%.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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