China Galaxy Securities: Initiates coverage on C&D International Group (01908.HK) with a "Recommended" rating.

Zhitong Finance APP has learned that China Galaxy Securities has issued a research report, initiating coverage on C&D International Group (01908.HK) with a "Recommended" rating. The bank estimates that the company's core net profit attributable to shareholders for 2026-2028 will be RMB 3.325 billion, RMB 3.528 billion, and RMB 3.776 billion, respectively, corresponding to price-to-earnings ratios of 7.69x, 7.25x, and 6.77x. The bank believes that the company takes real estate development as its core business while also developing the upstream and downstream industrial chains of real estate. With differentiated and high-quality products, it has gained market recognition. Its development business focuses on core cities, and its industry ranking has steadily risen.