CI-CRL @EC2612B

CR Land Successfully Acquired Former Ningbo TV Station Site in Haishu District

CR Hongze Acquires Ningbo Haxi District Land for 763.5985 Million Yuan

CR Land and Future Science City Jointly Acquire Residential Land in Beiqijia Town, Changping District, Beijing

CITIC Pacific Land Acquires Fangtai Wanan Temple Village Renovation Site at Reserve Price

China Resources Land Releases 2025 Sustainable Development Report and Issues Green Bonds

Morgan Stanley Maintains Buy Rating for China Resources Land with Price Target

Sun Hung Kai Properties and China Resources Land Apply for Height Increase for Yuen Long Housing Project

Huaxin Land and Yuexiu Property Plan to Launch Residential Projects in Oil Tunnel, Hong Kong in Q3 2027

Everbright Securities Downgrades Net Profit Forecast for China Resources Land but Maintains Buy Rating

CR Land Acquires 3 Land Plots in Dongguan, Shenyang, Chengdu, etc. in March 2026

CR Land Reports March Sales Decline But Rent Income Growth

CR Land Announces 2025 Annual Performance Report

Macau Xiang Qiba Fang Plot Auctioned at a Premium

CITIC Securities Maintains Buy Rating on China Resources Land with Price Target

China Resources Land Announces 2025 Financial Year Results

Nomura Downgrades Huaxin Land's Target Price but Maintains Buy Rating

China Resources Land Announces Strategic Planning to Build Three Growth Curves in the '15th Five-Year Plan'

China Resources Land Reports Full-Year Development Property Revenue of RMB 238.16 Billion

China Resources Land's net debt ratio is 39.2%

CR Land's total debt reached 281.47 billion yuan at the end of the year

SLING GROUP

GOLDENPOWER

ENTERPRISE DEV

XH NEWS MEDIA

SINO ICT

NICHE-TECH SEMI

HAO WEN HLDGS

ZHOU LIU FU

FUTONG TECH

DEEPEXI TECH

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At close, HSI rose 315 pts (1.2%) to 26,213, while HSTI increased by 39 pts (0.8%) to 4,969. Market turnover reached $304.74 billion. Notable gainers included XINYI GLASS (+9.8%), CHINA RES LAND (+6.7%), and CK ASSET (+3.3%), all hitting new highs. Conversely, QINGSONG HEALTH fell sharply by 31.3%. Overall, the market showed positive momentum with several stocks reaching new highs despite some declines in others.

AASTOCKS News

Hang Seng Index

XINYI GLASS

CHINA RES LAND

CKH HOLDINGS

HSI Up 315 pts; HSTI Up 39 pts; XINYI GLASS Up over 9%; CHINA RES LAND, CK ASSET, CITIC, CKH HOLDINGS, HUA HONG SEMI Hit New Highs; Market Turnover Rises

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HSBC Research reports that Shenzhen's easing of home purchase restrictions has led to a positive stock market reaction. The bank anticipates that ongoing supportive policies will alleviate market concerns and boost demand, aiding the recovery of the property market. It emphasizes the importance of focusing on fundamental improvements alongside short-term policy news. HSBC's top stock picks in the Chinese property sector include CHINA RES LAND, C&D INTL GROUP, and SEAZEN, all rated Buy with specified target prices.

LVGEM CHINA

Yinhua CSI Interior Real Estate Theme ETF

ChinaAMC CSI All Share Real Estate ETF

Hwabao WP CSI 800 Real Estate ETF

China Southern CSI All Share Real Estate ETF

C&D INTL GROUP

SEAZEN

HSBC Research: Positive Stock Market Reaction After Shenzhen Eases Home Purchase Restrictions; Top Picks CHINA RES LAND , C&D INTL GROUP  and SEAZEN

Citi's research report indicates that CHINA RES LANDplans to spin off two shopping malls into a REIT, aiming to raise around RMB5.4 billion. The company will hold 20% to 30% of the REIT, which is expected to enhance earnings and dividends. Citi believes CHINA RES LAND can recycle five to six malls valued at RMB10 billion to RMB15 billion and has named it a top pick in the sector with a Buy rating and a target price of HKD35.8.

Citigroup

CITIGROUP INC 6.250 NON CUM SER II PFD WI

Citi: CHINA RES LAND  Plans to Spin Off Two Shopping Malls via REIT, Named Sector Top Pick

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.

CICC

CICC: CHINA RES LAND  Business Model Transformation Worth Watching

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.

Morgan Stanley

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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 LANDannounced the sale of two shopping malls for REIT conversion, with plans to raise RMB5.405 billion through a public offering fund. The company will subscribe for 20% to 30% of the fund units. This strategic move aims to revitalize real estate assets and improve investment capabilities, enhancing long-term performance amid challenges in property investments.

GF CSI All Share Financials ETF

CITIC Securities Co., Ltd.

CITIC SEC

CHINA RES LAND  Sells Two Shopping Malls for REIT Conversion, Subscribes 20% to 30% Stake

Morgan Stanley analyst maintained a Buy rating on China Resources Land on April 22 and set a price target of HK$39.30. The company’s shares closed last Tuesday at HK$32.50.Claim 30% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks China Resources Land has an analyst consensus of Strong Buy, with a price target consensus of HK$40.34.

Tip Ranks

Morgan Stanley Remains a Buy on China Resources Land (CRBJF)

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New World and CHINA RES LAND plan to construct two 26-story residential towers in the Yuen Long South Phase II project, providing 1,035 residential units, expected to be completed in 2030. The project has applied for a relaxation of building height restrictions, allowing one additional floor compared to the original permit. New World and CHINA RES LAND have also signed a cooperation agreement to develop a high-end professional services and logistics hub in Yuen Long South, which will provide approximately 1,800 residential units. The Yuen Long South Phase I project is also nearby, approved to build two 23-story residential buildings, expected to provide around 700 units

AASTOCKS

NEW WORLD DEV

The "Hong Kong Property" New World Development's CHINA RES LAND Yuen Long Phase II project plans to build two 26-story residential buildings involving 1,035 units

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JP Morgan's report indicates that domestic property stocks may outperform the market in the short term, driven by growth in second-hand market transactions and expectations of policy support. Although trading is good in major cities, prices and developers' sales remain weak. Morgan Stanley prefers CHINA RES LAND and CHINA RES MIXC, and believes that strong second-hand transactions will benefit Beike

JPMorgan Chase

CHINA OVERSEAS

CHINA JINMAO

LONGFOR GROUP

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JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

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JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

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JP Morgan expects that domestic real estate will outperform in the short term, with a preference for CHINA RES LAND and CHINA RES MIXC

GF Securities analyst maintained a Buy rating on China Resources Land yesterday and set a price target of HK$48.23.Claim 30% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks Currently, the analyst consensus on China Resources Land is a Strong Buy with an average price target of HK$40.42.

GF Securities Remains a Buy on China Resources Land (CRBJF)

CI-CRL @EC2612B(28903.HK)

HSI Up 315 pts; HSTI Up 39 pts; XINYI GLASS Up over 9%; CHINA RES LAND, CK ASSET, CITIC, CKH HOLDINGS, HUA HONG SEMI Hit New Highs; Market Turnover Rises

HSBC Research: Positive Stock Market Reaction After Shenzhen Eases Home Purchase Restrictions; Top Picks CHINA RES LAND , C&D INTL GROUP and SEAZEN

Citi: CHINA RES LAND Plans to Spin Off Two Shopping Malls via REIT, Named Sector Top Pick

CICC: CHINA RES LAND Business Model Transformation Worth Watching

CHINA RES LAND Gains Nearly 4% as M Stanley Sees Improved Visibility for Return to Positive EPS and DPS Growth