CITIC SEC: Maintains "Buy" rating on CSC DEVELOPMENT (00830) with a target price of HKD 3.

CITIC SEC released a research report stating that CSC DEVELOPMENT (00830) released its first quarter report for 2025, achieving a revenue of 2.092 billion yuan, a year-on-year increase of 3.0%, and a operating profit of 432 million Hong Kong dollars, a year-on-year increase of 0.2%. With the continued efforts in the Hong Kong, Macau, and emerging markets + BIPV industry, it is expected that the company's performance will achieve rapid growth. Based on the comparison of PE of comparable companies and the historical PB valuation of the company, a target market value of 6.7 billion Hong Kong dollars is given for 2025, corresponding to a target price of 3 Hong Kong dollars, and maintains a "buy" rating.