Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research> Citi Raises China Resources Mixc Lifestyle Services (01209.HK) TP to HKD52.6, Expects Double-Digit Growth in New Five-Year Plan
Recommend 3 Positive 2 Negative 0 |
||||
|
||||
|
Citi published a research report indicating that China Resources Mixc Lifestyle Services (01209.HK) has formulated a new '123' business strategy, transitioning towards urban space operations, and exploring membership systems and new businesses as a second growth curve. This is expected to drive its continuous expansion in the high-end consumer sector, with the ecosystem's synergies forming a lasting moat. The new five-year plan is anticipated to achieve double-digit growth. The firm expects that under the proven '2+1' platform, the company can achieve over 10% profit growth. The firm noted that the group plans to sign 100 new shopping centers by 2030, operate 200, and manage a total of 300, with plans to open 15 new shopping centers annually. The same-store sales growth target for the fiscal year 2026 is 5% to 10%, with the total retail sales of mall tenants in the first quarter of this year growing by more than 10% YoY. Based on performance, Citi adjusted its profit forecasts for the fiscal years 2026 and 2027. It maintains a 'Buy' rating on the group and raises the TP from HKD48.5 to HKD52.6, equivalent to a forecast P/E ratio of about 25x for 2026. It also increases the 30-day short-term upside outlook for the group. (hc/da) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
