China Resources Land's Assets, Execution to Support Valuation Premium -- Market Talk

Dow Jones04-01 14:09

0609 GMT - China Resources Land's unique assets and strong execution should support a valuation premium over peers, Nomura analysts say in a note. The company's 2025 results beat market expectations, while earnings quality is improving as recurring businesses now contribute more than 50% of core earnings, reducing reliance on its declining property sales segment. Its existing and planned shopping malls are expected to boost direct exposure to higher-quality consumption segments in China and strengthen market leadership, they say. Still, Nomura lowers its net asset value estimate after revising their sales recognition assumptions, cutting its target price to HK$32.60 from HK$35.80, while maintaining a buy rating. Shares rise 2.65% to HK$29.40. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

April 01, 2026 02:09 ET (06:09 GMT)

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