CICC: Upgraded Greentown Management Holdings (09979.HK) to Outperform rating with target price of HK$3.2

Zhitong Finance APP learned that CICC released a research report stating that, taking into account the current valuation levels and dividend yields, the stock rating of Greentown Management Holdings (09979.HK) has been upgraded to outperform the industry, with a target price of 3.2 Hong Kong dollars (corresponding to a 12 times 2025 P/E ratio, 8% expected dividend yield, and 16% upside potential), mainly reflecting the company's improved front-end operating trend and additional support from its higher dividend yield. The company is currently trading at 10.6 times the 2025 P/E ratio and an expected dividend yield of 9.5%. The bank believes that the positive changes in the front-end operating indicators support the company's potential for future performance and gradual stabilization of operating cash flow.