---
title: "Citi lowers LONGFOR GROUP's target price to 11.1 yuan, maintains \"Buy\" rating"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/280954383.md"
description: "Citigroup lowered the target price for LONGFOR GROUP to HKD 11.1, maintaining a \"Buy\" rating. The report pointed out that LONGFOR GROUP had a core loss of RMB 1.7 billion last year, in line with the profit warning, with an annual dividend of RMB 0.07 per share, a year-on-year decrease of 78%. Although a loss is expected in 2025, management has committed to maintaining a 30% dividend payout ratio. The bank also lowered its earnings per share forecast for 2026 to 2027 by 21% to 63%, with the target price based on a 50% discount to net asset value"
datetime: "2026-03-30T04:03:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/280954383.md)
  - [en](https://longbridge.com/en/news/280954383.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/280954383.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/280954383.md) | [English](https://longbridge.com/en/news/280954383.md)


# Citi lowers LONGFOR GROUP's target price to 11.1 yuan, maintains "Buy" rating

Citigroup published a research report indicating that Longfor Group (00960.HK) had a core loss of RMB 1.7 billion last year, in line with the profit warning issued earlier. The annual dividend per share was RMB 0.07, a year-on-year decrease of 78%, with a payout ratio maintained at 30%. Despite recording losses in 2025, management remains committed to maintaining a 30% payout ratio.

The bank has lowered its earnings per share forecast for Longfor Group for 2026 to 2027 by 21% to 63%, and the target price has been reduced from HKD 13.8 to HKD 11.1, based on a 50% discount to net asset value (compared to a previous discount of 60%), to reflect the ongoing improvement in the balance sheet and the shift in the profit model towards recurring business, maintaining a "Buy" rating

### 相關股票

- [LONGFOR GROUP (00960.HK)](https://longbridge.com/zh-HK/quote/00960.HK.md)

## 相關資訊與研究

- [Longfor Group Holdings (LNGPF) Gets a Buy from CICC](https://longbridge.com/zh-HK/news/280899756.md)
- [CSC Financial Sticks to Their Buy Rating for Longfor Group Holdings (LNGPF)](https://longbridge.com/zh-HK/news/280898279.md)
- [Longfor’s 2025 Profit Slumps as Core Business Turns Loss-Making Despite Lower Debt](https://longbridge.com/zh-HK/news/280735127.md)
- [Longfor Logs 2 Billion Yuan in February Contracted Sales](https://longbridge.com/zh-HK/news/278323871.md)
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