Market PositioningCOGO benefits from its unique position as the only SOE developer with a focus on lower-tier cities, with an emphasis on high quality products catering to replacement demand.
Presales PerformanceCOGO is poised to deliver superior presales performance in 2025, indicating strong future prospects.
ValuationCurrently trading at approximately 0.2x FY26F PB, COGO is valued near distressed-developer levels and screens as undervalued compared to its SOE peers.