CHINA RES LAND (01109.HK) -0.200 (-0.570%) Short selling $291.18M; Ratio 32.423% announced the sale of a majority stake in its wholly-owned Chengdu MixC mall (valuation yet to be determined), marking another milestone in the Company's transformation process, Morgan Stanley published a research report saying. The broker estimated that Chengdu MixC's gross floor area to be 287,000 square meters, with a valuation of approx. RMB7-8 billion, comparable in scale and value to the Mixc Qingdao sold in 2024.Related News BofAS Raises CHINA OVERSEAS (00688.HK) TP to HKD19; Positive on Sector RecoveryAssuming a sale of a 70% stake at such valuation, Morgan Stanley expected the Company to record disposal gains of over RMB3 billion in 1H26, which would help enhance visibility on EPS and dividend growth.Therefore, the broker rated CHINA RES LAND at Overweight, with a target price of $39.3, and maintained the stock as its top pick.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-22 16:25.)
AASTOCKS Financial News