C&D INTL GROUP Gains Over 3% for Seventh Straight Session; HSBC Research Sees Catch-up Potential
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C&D INTL GROUPhas gained over 3% for the seventh consecutive session, currently trading at HKD18.12. HSBC Research is optimistic about the company's potential, noting its share price has lagged behind the industry average. Factors supporting growth include increased land supply, a strong project launch in Hangzhou, and a rebound in Xiamen's secondary home transactions. The evolving shareholder structure and favorable valuation with a forecast PE of 7.7x and a 6.5% dividend yield suggest further upside. HSBC maintains a Buy rating with a target price of HKD19.9.
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