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)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。