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<Research>M Stanley Cuts CHINA OVERSEAS TP to HKD12.5, Rating Equalweight
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Morgan Stanley has issued a research report updating the risk-reward profile of CHINA OVERSEAS (00688.HK). The company's target price dropped from HKD13.5 to HKD12.5, but its rating remains Equalweight. The broker based its decision to cut the target price on the inclusion of CHINA OVERSEAS' 2025 results and the introduction of 2028 forecasts. Morgan Stanley has also lowered its core EPS forecast for CHINA OVERSEAS by 13% for 2026 and 2% for 2027 to reflect updated delivery and completion schedules for property development projects, a slowdown in rental income growth, a weaker-than-expected recovery in property development gross margin, and higher-than-expected selling and administrative expenses. Auto-translated by AI AASTOCKS Financial News |
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