Country Garden Services' Earnings Likely to Remain Sluggish -- Market Talk

Dow Jones03-28

0355 GMT - Country Garden Services' growth outlook remains unclear, with few positive catalysts available to support its share price, Nomura analysts write in a note. The Chinese property-management company has a weakening earnings trend after reporting a profit plunge for 2023, and is still struggling to recover operationally, they add. The company will likely see an "extended trajectory of sluggish revenue and earnings growth" for the next few years, they add, given macroeconomic uncertainties and a continued slump in Chinese property sales. Nomura cuts its target price to HK$5.40 from HK$10.80 and keeps its neutral rating. Shares are 3.4% lower at HK$5.09. (kimberley.kao@wsj.com)

(END) Dow Jones Newswires

March 27, 2024 23:55 ET (03:55 GMT)

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The company will likely see an \"extended trajectory of sluggish revenue and earnings growth\" for the next few years, they add, given macroeconomic uncertainties and a continued slump in Chinese property sales. Nomura cuts its target price to HK$5.40 from HK$10.80 and keeps its neutral rating. Shares are 3.4% lower at HK$5.09. 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The Chinese property-management ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"06098","symbol_name":"碧桂园服务","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2422858261","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2422858261","pubTimestamp":1711598100,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0355 GMT - Country Garden Services' growth outlook remains unclear, with few positive catalysts available to support its share price, Nomura analysts write in a note. 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