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Strong Performance and Strategic Growth Drive Buy Rating for China Resources Mixc Lifestyle Services Ltd.

Miao Zhang, an analyst from CMB International Securities, maintained the Buy rating on China Resources Mixc Lifestyle Services Ltd. (1209Research Report). The associated price target is HK$45.27.

Miao Zhang has given his Buy rating due to a combination of factors that highlight the company’s robust performance and strategic positioning. Despite a slight miss in revenue guidance for FY24, China Resources Mixc Lifestyle Services Ltd. demonstrated a strong net profit increase, driven by the impressive performance of its shopping mall business, which boasts a high gross margin. The company’s effective cost management further contributed to this profitability, as evidenced by a reduction in the SG&A ratio.
Looking ahead, the company has set ambitious targets for FY25, including double-digit net profit growth, which aligns with its long-term strategic goals under the 14th Five-Year Plan. Additionally, the company’s commitment to shareholder returns is underscored by its 100% dividend payout, which has been maintained for two consecutive years. These factors, combined with the company’s leading industry position and strong commercial operations, support the Buy rating with a target price of HK$45.3.

According to TipRanks, Zhang is a 4-star analyst with an average return of 20.8% and a 100.00% success rate.

In another report released on March 28, DBS also maintained a Buy rating on the stock with a HK$42.00 price target.

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