Movement Alert|CHINA RES MIXC Rises 3.01% in Regular Trading, Solid H1 Earnings and Multiple Bank Buy Ratings Fuel Gains

Market Focus
Sep 08

On September 8, CHINA RES MIXC rose 3.01% in regular trading, trading at HKD 41.04/share, with turnover of HKD 67.35 million.

The move follows the company's robust H1 interim results and a wave of positive institutional endorsements. H1 revenue reached RMB 9.22 billion, up 8.1% year-over-year, while core net profit grew 10.8% to RMB 2.23 billion. Shopping centers under management posted retail sales of RMB 148.5 billion, surging 21.7% with same-store growth of 10.2%, significantly outpacing national retail benchmarks. Overall occupancy stood at 97.4%, with foot traffic exceeding 1.1 billion visits.

On the institutional front, Citi raised its target price to HKD 53.3 reiterating a buy rating, Morgan Stanley maintained overweight with a HKD 48.06 target, CICC kept its outperform rating at HKD 48, and Goldman Sachs maintained buy at HKD 52. The company also declared a full payout of core net profit as interim dividends, including a special dividend of RMB 0.391 per share, reinforcing shareholder return commitments.

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