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<Research>G Sachs: CHINA OVERSEAS (00688.HK) 1Q Rev. in Line w/ Strong OPM
Recommend 10 Positive 22 Negative 10 |
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CHINA OVERSEAS (00688.HK)'s 1Q24 revenue grew 14% YoY, meeting the full-year forecasts of Goldman Sachs and the market of about 17%, in line with expectations, Goldman Sachs issued a research report saying. Operating profit was flat during the period, while operating margin (OPM) improved to 18% QoQ, implying a strong performance. Goldman Sachs believed that CHINA OVERSEAS' pace of replenishing its landbank will accelerate in the rest of the year, and expected the Company to remain focused on core cities and regions. Goldman Sachs kept rating at Buy, with a target price of $17.5. AAStocks Financial News |
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