Morningstar - China Resources Land Limited (01109) New Morningstar Analyst Report for China Resources Land

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Morningstar

Phillip Zhong

EUR 100.00 For Business Accounts Only

New Morningstar Analyst Report for China Resources Land

China Resources Land reported full-year 2018 results with core profit attributable to shareholders of CNY 19.3 billion, up 18% year on year. Earnings came in 8% below our estimate. The company declared a full-year dividend of CNY 1.059 per share, up 28% year on year. Revenue and gross profit totaled CNY 121 billion and CNY 53 billion, respectively, up 19% and 28% year on year. Gross margin improved to 43% from 40% seen a year ago. The earnings miss was attributed to lower top line, with higher m...

05/07/2019 12 EN

Underlying

China Resources Land Limited

China Resources Land is an investment holding company. Through its subsidiaries, Co. is engaged in the development and sales of developed properties, property investments and management, hotel operations and the provision of construction, decoration and other property development related services in the People's Republic of China. As of Dec 31 2014, Co. operated in four segments: sale of developed properties, property investments and management, hotel operations, and construction, decoration services and others.

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KYG2108Y1052 Hong Kong Stock Exchange Cayman Islands

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Phillip Zhong

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New Morningstar Analyst Report for China Resources Land

China Property: Channel check on Guangzhou’s and Shenzhen’s primary residential markets; 1H25 earnings preview for Longfor.

China Property: Operational update and 1H25 earnings preview for CR Land and COLI.

China Property: Property sales and prices weakened further in June and July; CUWC set a pragmatic tone without any mention of large-scale urban redevelopment.

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Sasol Provides Full-Year Production Update

Sasol Provides Full-Year Production Update

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