[ET Net News Agency, 25 July 2025] HSBC Global Research raised the target price for
China Res Land (01109) to HKD43.2 from HKD36.3 and maintained the "buy" rating.
The research house said it lifts NAV by 20% to HKD63.60 per share after recalibrating IP
portfolio valuation, driven by a combination of rental income realignment and cap rate
adjustments. (rc)