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