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<Research>G Sachs Slightly Adjusts 2026-2028 EPS Forecasts for CHINA RES LAND (01109.HK), Continues to List Stock on Conviction List Buy
Recommend 8 Positive 8 Negative 6 |
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Goldman Sachs released a research report lowering its 2025 core EPS forecast for CHINA RES LAND (01109.HK) by 6%, due to delays in the follow-up work of the C-REIT issuance. The Company planned to spin off four mall assets, while all projects are currently under review by the Shenzhen Stock Exchange (SZSE). As a result, the broker reduced its 2025 net gain from asset disposals forecast by RMB1.4 billion. Goldman Sachs maintained its 2026-2028 EPS forecasts for CHINA RES LAND, and kept its target price of $36 unchanged, which is based on a 10% discount to the forecasted NAV per share of $40 by the end of 2026. The broker reiterated rating at Buy and inclusion in the Conviction List Buy. AASTOCKS Financial News Website: www.aastocks.com |
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