Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>JPM Maintains Overweight on LONGFOR GROUP with Improved Balance Sheet
Recommend 3 Positive 8 Negative 3 |
||||
|
||||
|
LONGFOR GROUP (00960.HK) saw its core net profit slump by 71% YoY to RMB1.38 billion in 1H25, with overall revenue growing by 25%, JPMorgan said in a research report. However, loss in the property development business dented earnings, and the growth rate of non-property development business was also below expectations. Nonetheless, the company displayed improvements across all key indicators on its balance sheet. Among the major non-SOE developers, Longfor was almost confirmed as "the last man standing" in the current industry turmoil, being the only company still profitable. The broker set a target price of HKD14 for the group, maintaining an Overweight rating. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
