0222 GMT - Longfor Group's efforts to ensure a healthy balance sheet is a positive sign for investors, CGS International analysts write in a note. The Chinese property developer's FY 2024 results were disappointing but still profitable as its investment properties and property management units are quite profitable, they say. Despite the challenging market last year, there are some recent positive signs for the property sector, including a strong performance of the secondary market and significant improvement in land markets of top tier cities, they say. CSG International keeps a buy rating on the stock and prefers it among non-state-owned property developers. Shares last at HK$10.06. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
March 30, 2025 22:22 ET (02:22 GMT)
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