CHINA RES LAND Gains Nearly 4% as M Stanley Sees Improved Visibility for Return to Positive EPS and DPS Growth
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CHINA RES LANDshares rose nearly 4% following a report from M Stanley indicating improved prospects for positive EPS and DPS growth. The company plans to spin off two shopping malls in tier-3 cities to create a publicly offered REIT, retaining a 20-30% stake. This move is expected to generate disposal gains of RMB700 million to RMB900 million, enhancing its competitive edge in retail. M Stanley maintains an Overweight rating with a target price of HKD39.3, marking it as a top pick in the sector.
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