0759 GMT - China Resources Land's risk-return profile seems appealing to Morningstar's Jeff Zhang, who says the property company is one of his top Chinese real-estate picks. While the company's 2025 results slightly missed Morningstar's estimates, its property-development business still demonstrated resilience, with its gross margin beating most peers. Newly launched projects in wealthy regions should boost China Resources Land's property sales margins. China Resources Land's plan to spin off some assets into a real-estate investment trust could also support liquidity management, he says. Zhang trims his 2026-2028 operating profit estimates by 1.0%-3.0% but retains other earnings projections. Morningstar's fair-value estimate is unchanged at HK$43.00, as it views China Resources Land's shares as underpriced. Shares rise 1.5% to HK$28.56. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
March 31, 2026 04:00 ET (08:00 GMT)
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