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<Research Report>HSBC Global Research Raises TP of CHINA RES MIXC (01209.HK) to $38.4; Leading Position Maintained
HSBC Global Research highlighted in a report that CHINA RES MIXC (01209.HK) delivered a strong performance last year, with core earnings up 31% YoY, outperforming market expectatio...
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<Research Report>HSBC Global Research Raises TP of CHINA RES MIXC (01209.HK) to $38.4; Leading Position Maintained
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HSBC Global Research highlighted in a report that CHINA RES MIXC (01209.HK)  +0.950 (+3.486%)    Short selling $12.61M; Ratio 6.405%   delivered a strong performance last year, with core earnings up 31% YoY, outperforming market expectations. Its full-year dividend payout ratio also lifted to 55%.

The broker believed that the group's performance last year demonstrated strong execution and commitment to shareholders as it maintained its leading position in the industry. The broker also reconfirmed its positive view of the group.

HSBC raised its target price of CR MIXC from $36 to $38.4 and maintained its Buy rating.

(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-04-26 16:25.)

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