{
China Jinmao Holdings Group Limited

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}
001122334455554433221100
001122334455554433221100

hsbc upgrades china jinmao to buy raises target to hk dollar 1.50

HSBC has upgraded China Jinmao Holdings from Hold to Buy, raising the price target to HK$1.50 from HK$1.10, following the company's shift from a net loss in 2023 to a net profit in 2024. The improvement in property development gross margin to 11% and a positive outlook for new projects support this optimistic forecast. Despite challenges with vintage landbank, the company is positioned for margin recovery, indicating a potential industry turnaround.
Investing.com
Hong Kong Dollar China Jinmao Holdings Group Limited HKG Michelle Kwok
Business & Industry, Market Report
08:47 26.03.2025
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