Nomura Adjusts China Overseas Land & Investment's Price Target to HK$12.20 From HK$12.30, Keeps at Neutral

MT NewswiresApr 3 05:54 ET · Ratings

Nomura: Slightly lowers CHINA OVERSEAS Target Price to HKD 12.2, maintains "Neutral" rating.

Nomura released a Research Report stating a slight decrease in the Target Price for CHINA OVERSEAS (00688) by 0.8%, from 12.3 HKD to 12.2 HKD, maintaining a "neutral" rating. CHINA OVERSEAS's fiscal performance for 2024 is below expectations (Nomura indicates that its expectations were already low), but the health of the balance sheet has improved, with revenue down 9% to 185 billion yuan (same as below), mainly due to a significant decline in property development revenue; the gross margin decreased to 17.7%; core net profit fell 4% to 15 billion yuan, which is 8% lower than Nomura's expectations. However, the positive aspect identified by the firm is that the company's balance sheet has improved, net assets...

Sina Hong Kong Stock.Apr 2 23:27 ET

[Brokerage Focus] Tianfeng maintains a "Buy" rating for CHINA OVERSEAS (00688). Institutions indicate that the company is expected to continue leading Industry development.

Jingu Finance News | Tianfeng's Research Report indicates that CHINA OVERSEAS (00688) will achieve an income of approximately 185.154 billion yuan in 2024, a decrease of 8.58% year-on-year; the net income attributable to the parent company will be 15.636 billion yuan, down 38.95% year-on-year, and core profit will be 15.72 billion yuan, a decrease of 33.5% year-on-year; basic earnings per share will be 1.43 yuan, down 38.9% year-on-year. In 2024, the company's gross margin will be 17.7%, a decline of 2.6 percentage points compared to 2023; the net margin will be 9.6%, down 3.8 percentage points from 2023. The company plans to declare a final dividend of 30 Hong Kong cents per share, totaling 60 Hong Kong cents for the year, with a payout ratio increased.

Jinwu Financial NewsApr 2 23:04 ET

China International Capital Corporation: Maintain CHINA OVERSEAS "outperform industry" rating with a Target Price of HKD 15.65.

CITIC released a Research Report stating that due to the certain pressure on the gross margin of CHINA OVERSEAS (00688), the bank has lowered the Net income for 2025/2026 by 12% and 11% to 15 billion and 16 billion yuan, year-on-year -4%/+6%. The current stock price corresponds to 0.4/0.3 times the PB for 2025/2026. It maintains an outperform rating for the Industry and keeps the Target Price at 15.65 Hong Kong dollars, corresponding to 0.4/0.4 times the PB for 2025/2026. The bank indicated that the company's 2024 performance is below expectations, and the company declared a full-year dividend of 0.6 Hong Kong dollars per share, with a payout ratio increasing by 5 percentage points year-on-year to 38.

Sina Hong Kong StocksApr 2 21:52 ET

China Overseas Land & Investment Limited Just Missed Earnings - But Analysts Have Updated Their Models

Simply Wall StApr 2 18:57 ET

DBS: Raise the Target Price of CHINA OVERSEAS (00688) to HKD 15.9, maintain a Buy rating.

It is expected that the group will maintain stable pre-sales due to having ample and well-located sellable resources, resulting in a more stable profit and loss statement, primarily due to a considerable scale of unrecorded sales and reasonable profits.

Zhitong FinanceApr 2 05:22 ET