Nomura released a research report on CHINA RES LAND (01109.HK) -0.440 (-1.509%) Short selling $140.83M; Ratio 176.222% , of which 2025 results topped the market's conservative expectations. During the period, overall revenue remained flat YoY, with recurrent income up by 3.7% to RMB43.3 billion. Core net profit sank by 11.4% YoY to RMB22.5 billion, owing to the reduced recognized gross margin of the property development business, though it was better than the company's original guidance of a 15-20% YoY downfall.The broker raised its sales forecast for 2026-27 by 2-3% and lowered its profit forecast by 16-18%, reflecting the company's property sales recognition schedule. It expected stable growth in the company's recurrent income during the same period. The target price was lowered from HKD35.8 to HKD32.6, with the Buy rating maintained. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.)Related News Citi Raises TP of CHINA RES LAND (01109.HK) to HKD35.8, Maintains 'Buy' Rating
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