In "The Big Banks," Citigroup raised the target price for CHINA RES MIXC to 49.2 yuan and maintained a "Outperform" rating

AASTOCKS
2026.01.14 02:33

Citi published a report stating that 2025 will continue to be a challenging year for the residential property management business. CHINA RES MIXC (01209.HK) continues to reshape its value-added services and slow down the expansion pace of total floor area to enhance profitability. As a result, the bank has lowered its earnings forecasts for 2025 to 2027 by 2.5%, 6.3%, and 7%, respectively. The bank's forecast for CHINA RES MIXC in 2025 is 4% below market expectations, at the lower end of the company's double-digit growth target.

However, the bank believes that the core business performance is better than expected and the quality of earnings deserves a higher valuation in the long term. Based on a target price-to-earnings ratio of 20 times, the target price has been raised from HKD 41.2 to HKD 49.2, maintaining an "outperform" rating

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