China Resources Land Limited (HK:1109)
:1109
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China Resources Land
(1109)
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Rating:73Outperform
Price Target:
HK$40.00
▲(29.70% Upside)
Action:Upgraded
Date:05/03/26
The score is driven primarily by solid-but-softening financials (lower revenue/margins and meaningful leverage despite improved 2025 cash generation), balanced by very attractive valuation (low P/E and strong dividend yield) and supportive technical momentum with price above key moving averages.
Positive Factors
Improved Free Cash Flow
A material rebound in free cash flow and ~30% FCF growth in 2025 shows the company can generate internal funding for development and investment properties. Durable FCF reduces reliance on external financing, supports debt servicing and reinvestment into malls and projects over coming quarters.
Negative Factors
Meaningful Leverage
Debt roughly equaling equity leaves limited balance-sheet flexibility in a cyclical real-estate market. High leverage increases interest expense sensitivity and refinancing risk, constraining the firm's ability to fund new projects or absorb prolonged sales slowdowns without raising costly capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Free Cash Flow
A material rebound in free cash flow and ~30% FCF growth in 2025 shows the company can generate internal funding for development and investment properties. Durable FCF reduces reliance on external financing, supports debt servicing and reinvestment into malls and projects over coming quarters.
Read all positive factors
China Resources Land (1109) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$256.14B
Dividend Yield5.18%
Average Volume (3M)14.65M
Price to Earnings (P/E)3.6
Beta (1Y)1.13
Revenue Growth1.05%
EPS Growth-0.55%
CountryHK
Employees65,785
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)3.66
Shares Outstanding7,130,939,500
10 Day Avg. Volume17,863,366
30 Day Avg. Volume14,647,097
Financial Highlights & Ratios
PEG Ratio-13.70
Price to Book (P/B)0.67
Price to Sales (P/S)0.69
P/FCF Ratio5.12
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$40.39Price Target Upside30.97% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering15
EPS Forecast (FY)3.33
Revenue Forecast (FY)HK$251.40B
China Resources Land Business Overview & Revenue Model
Company Description
China Resources Land Limited, an investment holding company, invests in, develops, manages, and sells properties in the People's Republic of China. The company operates through four segments: Development Properties for Sale; Property Investments a...
How the Company Makes Money
China Resources Land primarily makes money through two broad models: (1) property development profits and (2) recurring income from investment properties and related services. (1) Property development: The company develops residential and other pr...
China Resources Land Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
58
Neutral
Cash Flow
61
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 277.45B | 278.80B | 251.14B | 207.06B | 212.11B |
| Gross Profit | 60.01B | 60.33B | 63.16B | 56.44B | 20.74B |
| EBITDA | 56.47B | 62.71B | 69.33B | 58.38B | 62.90B |
| Net Income | 24.76B | 25.58B | 31.37B | 28.09B | 32.40B |
Balance Sheet | |||||
| Total Assets | 1.08T | 1.13T | 1.19T | 1.08T | 949.80B |
| Cash, Cash Equivalents and Short-Term Investments | 122.68B | 137.03B | 119.73B | 96.61B | 108.01B |
| Total Debt | 287.72B | 266.29B | 239.33B | 224.22B | 185.78B |
| Total Liabilities | 659.67B | 731.65B | 807.03B | 739.62B | 657.73B |
| Stockholders Equity | 289.61B | 272.51B | 264.87B | 244.05B | 226.53B |
Cash Flow | |||||
| Free Cash Flow | 37.89B | 45.62B | 46.09B | -6.07B | 59.32M |
| Operating Cash Flow | 38.79B | 46.59B | 47.35B | -4.14B | 2.25B |
| Investing Cash Flow | -51.31B | -22.42B | -39.30B | -39.34B | -27.80B |
| Financing Cash Flow | -3.01B | -5.69B | 8.97B | 26.14B | 40.20B |
China Resources Land Technical Analysis
Positive
30.84
Price Trends
31.72
Positive
30.75
Positive
30.37
Positive
Market Momentum
1.64
Negative
56.60
Neutral
39.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1109, the sentiment is Positive. The current price of 30.84 is below the 20-day moving average (MA) of 34.59, below the 50-day MA of 31.72, and above the 200-day MA of 30.37, indicating a bullish trend. The MACD of 1.64 indicates Negative momentum. The RSI at 56.60 is Neutral, neither overbought nor oversold. The STOCH value of 39.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1109.
China Resources Land Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | HK$396.13B | 6.70 | 3.55% | 3.89% | 4.66% | 26.27% | |
74 Outperform | HK$176.04B | 7.34 | 2.75% | 4.33% | 27.01% | -20.16% | |
73 Outperform | HK$256.14B | 3.64 | 8.80% | 5.18% | 1.05% | -0.55% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
58 Neutral | HK$174.24B | 10.85 | 3.54% | 4.54% | -9.39% | -19.08% | |
58 Neutral | HK$59.11B | -6.27 | 0.65% | 3.96% | -23.93% | -90.51% | |
41 Neutral | HK$47.69B | -1.28 | -59.37% | ― | -28.73% | -60.86% |
* Real Estate Sector Average
HK:1109
China Resources Land
34.86
10.68
44.17%
HK:2202
China Vanke Co
2.81
-2.39
-45.96%
HK:0688
China Overseas Land & Investment
15.72
2.92
22.81%
HK:1113
CK Asset Holdings
50.75
19.49
62.35%
HK:0960
Longfor Group Holdings
8.39
-1.54
-15.49%
HK:0016
Sun Hung Kai Properties
137.10
57.67
72.61%
China Resources Land Corporate Events
China Resources Land Wins HKEX Approval for Shenzhen REIT Spin-Off
May 18, 2026
China Resources Land has received approval from the Hong Kong Stock Exchange to proceed with a proposed spin-off of its commercial real estate investment trust on the Shenzhen Stock Exchange, marking a step toward listing a public fund backed by i...
China Resources Land Sets 2026 AGM with Dividend and Buyback Mandate on Agenda
May 14, 2026
China Resources Land has called its annual general meeting for 9 June 2026 in Shenzhen, where shareholders will review the audited financial statements, directors’ and auditor’s reports for the year to 31 December 2025, and vote on a p...
China Resources Land Sees April Sales Surge and Strong Rental Growth
May 12, 2026
China Resources Land reported that in April 2026 it achieved gross contracted sales of about RMB25.88 billion on 0.594 million square meters of gross floor area, with sales value jumping 49.6% year on year even as volume was broadly flat. For the ...
China Resources Land to Replace KPMG with Deloitte as Auditor
May 11, 2026
China Resources Land plans to replace its current independent auditor, KPMG, which has served since June 2023, upon the conclusion of its annual general meeting scheduled for June 2026. The board and audit committee said the move is aimed at stren...
China Resources Land Spins Off Two Mainland Malls into Shenzhen-Listed REIT
Apr 28, 2026
China Resources Land plans to spin off two wholly owned shopping mall projects in Nantong and Linyi into a publicly traded real estate investment trust to be listed on the Shenzhen Stock Exchange. The REIT will be established via a public fund str...
China Resources Land Q1 Sales Slide as Rental Income Strengthens
Apr 13, 2026
China Resources Land reported that in March 2026 its group gross contracted sales fell 14.1% year-on-year to about RMB22.42 billion, with contracted gross floor area dropping 34.5% to 0.594 million square metres. For the first quarter, contracted ...
China Resources Land Posts Stable 2025 Results With Strong Sales Pipeline and Low Funding Costs
Mar 29, 2026
China Resources Land reported consolidated revenue of RMB281.44 billion for 2025, up 0.9% year on year, driven primarily by its development property business and supported by investment property rentals and asset-light management fees. Recurring b...
China Resources Land Sets Final 2025 Dividend at RMB 0.966 Per Share
Mar 29, 2026
China Resources Land Limited has declared a final ordinary dividend of RMB 0.966 per share for the financial year ended 31 December 2025, with shareholders set to approve the payout on 9 June 2026. The dividend can be received in Hong Kong dollars...
China Resources Land Faces Weaker Sales but Stronger Rental Income in Early 2026
Mar 13, 2026
China Resources Land reported a sharp slowdown in contracted sales for February 2026, with gross contracted sales falling 25.6% year on year to RMB10.05 billion and contracted gross floor area halving, reflecting persistent weakness in China’...
China Resources Land Secures HK$1 Billion Term Loan Tied to State-Controlled Ownership
Mar 11, 2026
China Resources Land Limited has entered into a new HK$1 billion term loan facility with a bank, with final maturity set for the earlier of five years after the first drawdown or 10 June 2032. The agreement is governed by Hong Kong listing rules, ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.