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JPM Cuts CHINA CINDA (01359.HK) TP to HKD1.05, Maintains Neutral
Recommend 3 Positive 4 Negative 4 |
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JPMorgan Chase issued a research report stating that after CHINA CINDA (01359.HK) announced its FY2025 results, the broker lowered its earnings forecasts for 2026 to 2028 by approximately 8%, 9% and 8%, respectively. The TP was correspondingly reduced from HKD1.1 to HKD1.05, while maintaining a Neutral rating. JPMorgan Chase expects that the real estate segment will continue to weigh on the companys overall performance amid weak property sales and declining home prices. Given the slower pace of asset disposals under the current macro environment, the broker anticipates that the non-performing asset business will maintain a modest recovery in the near term. The broker believes that, compared with other Hong Kong-listed financial companies, CHINA CINDAs valuation does not appear particularly attractive. (sl/da) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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