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<Research>M Stanley Expects CHINA JINMAO (00817.HK) Shr Price to Drop in Next 60 Days Amid Multiple ST Headwinds
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Morgan Stanley anticipated that the share price of CHINA JINMAO (00817.HK) will decline over the next 60 days, as the recent rise in the Company's stock price significantly reduced its short-term valuation appeal. The broker believed that, in the face of a pessimistic real estate market outlook, the recent industry performance driven by sentiment is unlikely to be sustained. Morgan Stanley expected the industry and CHINA JINMAO to face multiple short-term headwinds, such as potential earnings miss, with core profit projected to plummet over 50% YoY in 2025. Therefore, the broker kept rating at Equalweight on CHINA JINMAO on its solid fundamentals and support from quality land reserves in first-tier cities, with a target price of $1.23. AASTOCKS Financial News Website: www.aastocks.com |
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