Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>M Stanley Cuts LONGFOR GROUP's TP to HKD9.6, Expects Property Development Biz to Record Negative GPM
Recommend 3 Positive 3 Negative 5 |
||||
|
||||
|
LONGFOR GROUP (00960.HK)'s 1H25 GPM for its development business fell to 0.2%, according to Morgan Stanley's research report. In the broker's estimate, LONGFOR GROUP's GPM will continue recording negative values in the coming years as the company adopts a flexible pricing strategy to accelerate the clearance of loss-making inventory, coupled with limited asset impairment provisions and insufficient contribution from newly added high-margin projects in recent years. Morgan Stanley lowered its target price for LONGFOR GROUP from HKD10.3 to HKD9.6 and kept the Equalweight rating unchanged. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
