CHINA RES LAND (01109.HK) -0.450 (-1.549%) Short selling $25.79M; Ratio 9.394% 's CR Commercial REIT (180601.SZ) +0.020 (+0.198%) recently announced the acquisition of three non-core shopping malls from its parent company, according to Morgan Stanley's research report. Assuming a yield of 4%, the broker estimated that the potential divestment value of these properties will be 26% higher than their book value. Related NewsJPM: Recent Rebound in CN Developers May Be Speculative, But Mkt Expectations for New Policy Support RisingAlong with the earlier spin-off of the Kunshan Mixc One, Morgan Stanley believed that the Group's asset divestment pace will exceed management's expectation of 2-3 malls per year, reinforcing the broker's view that the Group will accelerate its business transformation in the coming quarters.Morgan Stanley rated CHINA RES LAND at Overweight, with a target price of $38.8, and reaffirmed it as its top pick for the real estate sector. The broker anticipated this spin-off to be another short-term catalyst for the stock.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-16 12:25.) (A Shares quote is delayed for at least 15 mins.)