Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>Citi Lifts CHINA JINMAO (00817.HK) TP to $1.9 as Top Pick
Recommend 0 Positive 3 Negative 2 |
||||
|
||||
|
CHINA JINMAO (00817.HK) has entered a growth cycle from 2025 to 2027, Citi Research issued a research report saying. It is expected that its contracted sales will grow by 16% in 2025/ 7% in 2026, with its industry ranking rising to eighth place. The Company accelerated land acquisition, with 66% located in Beijing and Shanghai, and a solid financial position. Starting from 2024, 43 new projects were added, with a net profit margin of over 10%, and 15 lands were revitalized through land exchange or changes in land use. Citi Research adjusted its earnings forecast, noting the support from its state-owned parent company and the valuation at only 0.3x the projected PB ratio, corresponding to a 65% discount to NAV and a forecasted 2026 PE ratio of 11x. Therefore, the broker kept rating at Buy as CHINA JINMAO is its top pick, and lifted its target price from $1.8 to $1.9. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
