[ET Net News Agency, 22 January 2020] Daiwa Research lifted its target price for China
Resources Land (CRL)(01109) to HK$44.2 from HK$38.1 and maintained its "buy" rating.
The research house believes CRL remains well-placed to capitalise on opportunities
associated with an imminent take-off for prime commercial properties in China's major
cities.
CRL has been engaging in an ambitious buildup of a large portfolio of shopping malls in
China. It has 35 malls in operation and plans to increase this to 53 malls by 2021, and
targets to have over 100 malls in China over time.
Daiwa sees that Dalian Wanda is likely undergoing challenging times. It believes that
CRL has strong credentials to become and sustain its position as the largest player for
retail malls in China. (KL)
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01109 CHINA RES LAND
Nominal 
23.400 -0.400 (-1.681%) Research Report
22/01/2020 11:32
{I-bank focus}Daiwa lifts CR Land (01109) to HK$44.2; "buy"
| Remark: | Real time quote last updated: 19/04/2024 12:51 |
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