0823 GMT - Longfor Group may face sustained pressure in fiscal years 2025-26, according to Nomura analysts in a commentary. The ongoing booking of its loss-making property development projects is the major factor weighing on the company's earnings, the analysts say. Nomura forecasts the company will deliver core earnings of CNY5.0 billon in fiscal year 2025, down 28% on year. The analysts maintain a neutral rating and cut the target price to HK$9.50 from HK$9.80. Shares are last 5.3% lower at HK$9.79. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
March 31, 2025 04:23 ET (08:23 GMT)
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