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<Research>Citi Drops LONGFOR GROUP (00960.HK) TP to $11.1, Keeps Buy Rating
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LONGFOR GROUP (00960.HK)'s 2025 core loss was RMB1.7 billion, in line with its previous profit alert, Citi Research issued a research report saying. Its 2025 DPS was RMB0.07, down 78% YoY, with a dividend payout ratio maintained at 30%. Despite the loss in 2025, the management remained committed to maintaining a 30% dividend payout ratio. Citi Research lowered its 2026-2027 EPS forecasts for LONGFOR GROUP by 21-63%, and dropped its target price from $13.8 to $11.1, based on a 50% discount to net asset value (compared to the prior 60% discount), reflecting continuous improvement in the balance sheet and a shift in the profit model towards recurring business, with rating kept at Buy. AASTOCKS Financial News Website: www.aastocks.com |
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