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CICC: Maintain SHOUCHENG as outperforming the Industry rating with a Target Price of HKD 2.50.
CICC released a Research Report stating that it maintains the Net income forecast for SHOUCHENG (00697) at 0.604 billion Hong Kong dollars and 0.706 billion Hong Kong dollars for 2025-2026 (an increase of 47% and 17% year-on-year), maintaining an outperform rating and a Target Price of 2.50 Hong Kong dollars, which corresponds to a PB of 1.8 times for 2025. The company is currently trading at 1.2 times the PB for 2025 and 1.1 times for 2026. SHOUCHENG announced on April 24, 2025, that its indirect wholly-owned subsidiary, SHOUJING Investment, signed agreements with China Life Insurance, Caixin Life Insurance, and Chuangchi Corporate Management between companies.
SHOUCHENG (0697.HK) has partnered with China Life Insurance: the industry's first hundred billion smoothing Fund has opened a new ecosystem for the REITs Industry Chain.
On April 24, SHOUCHENG (0697.HK) announced the establishment of the Peking Pingzhun Infrastructure Real Estate Private Equity Fund (hereinafter referred to as 'Pingzhun Fund') in partnership with Institutions such as China Life Insurance and Caixin Life Insurance.
SHOUCHENG (00697.HK) has teamed up with China Life Insurance and others to establish a partnership enterprise, increasing investments in infrastructure.
On April 24, Glonghui reported that SHOUCHENG (00697.HK) announced that on April 23, 2025, the company’s indirect wholly-owned subsidiary, Shoujing Investment (as a limited partner), along with China Life Insurance, Caixin Life Insurance (as limited partners), and Chuangchi Enterprise Management (as a special limited partner), signed a partnership agreement with the company’s indirect wholly-owned subsidiary, Peking Langjia, and Guoshou Real Estate as general partners (collectively referred to as the “executive partners,” with each being an “executive partner”) to establish a partnership enterprise. Guoshou Capital has been a partner.
Express News | Shoucheng Holdings - Unit Entered Into Partnership Agreement With China Life, Others
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