CICC: CHINA RES LAND Business Model Transformation Worth Watching

AASTOCKS News
2026.04.30 04:13
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CICC's report highlights CHINA RES LAND's recent asset divestment plans and the potential issuance of securitization products, emphasizing the importance of understanding the company's transformation during the 15th Five-Year Plan. The broker suggests a revised valuation methodology to better reflect the company's future structure and maintains its Outperform rating with a target price of HKD46.7 for 2026-2027. CICC views CHINA RES LAND as a top long-term investment in the real estate sector, noting its significant business model transformation and the establishment of a multi-tiered REITs market as crucial for asset management.