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<Research>UBS Cites CHINA OVERSEAS Expects High-Double-Digit Earnings Fall in 2025; Rating Neutral
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CHINA OVERSEAS (00688.HK) management anticipated a high-double-digit YoY subtraction in earnings for 2025, and forecast the revenue to remain largely flat, UBS said in its report. The full-year booked gross margin was projected to further decrease compared to 1H25, and the company expected inventory impairment for 2025 to be similar to the RMB1.6 billion recorded in 2024. Updated company data showed that the total contract sales for 2025 reached RMB250 billion, down 20% YoY; whereas the equity land acquisition amount accelerated to RMB92.4 billion, up 33% YoY, supporting strong sales growth in 2026. The company maintained a dividend payout guidance of 30%. The broker lately assigned a target price of HKD15 and a Neutral rating on CHINA OVERSEAS. AASTOCKS Financial News Website: www.aastocks.com |
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