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China Resources Land ( (HK:1109) ) has issued an update.
China Resources Land Limited reported a decline in gross contracted sales and contracted gross floor area for April 2025, with sales down 18.7% and GFA down 30.4% year-over-year. Despite this, the company saw an increase in recurring revenue, particularly from its investment property business, which grew by 13.5% year-over-year, indicating a strong performance in its rental income segment.
The most recent analyst rating on (HK:1109) stock is a Buy with a HK$30.00 price target. To see the full list of analyst forecasts on China Resources Land stock, see the HK:1109 Stock Forecast page.
More about China Resources Land
China Resources Land Limited is a company incorporated in the Cayman Islands, primarily engaged in real estate development and investment. The company focuses on property development and investment properties, with a significant portion of its revenue derived from rental income.
Average Trading Volume: 24,074,959
Technical Sentiment Signal: Buy
Current Market Cap: HK$187.2B
For an in-depth examination of 1109 stock, go to TipRanks’ Stock Analysis page.
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