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China Resources Land
(1109)
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Rating:63Neutral
Price Target:
HK$31.00
â–¼(-10.87% Downside)
Action:Reiterated
Date:09/19/26
The score is driven primarily by solid-but-softening fundamentals (declining revenue and margins with meaningful leverage, partially offset by improved 2025 free cash flow) and an attractive valuation (low P/E and ~4.7% yield). These positives are tempered by weak technical momentum, with the stock trading below key moving averages and bearish MACD/oversold indicators.
Positive Factors
Recurring investment-property income
Combining cyclical development sales with recurring rental income from shopping malls and commercial assets gives China Resources Land two earnings engines. The rental base can provide steadier income than project handovers, helping moderate the effect of property-market cycles over the next several quarters.
Negative Factors
Declining revenue trend
Revenue has shifted from flat performance to an outright decline, showing that current project deliveries and sales are not sustaining the growth achieved in earlier periods. Continued weaker top-line performance would reduce operating scale, constrain reinvestment, and make earnings more dependent on timing and mix.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring investment-property income
Combining cyclical development sales with recurring rental income from shopping malls and commercial assets gives China Resources Land two earnings engines. The rental base can provide steadier income than project handovers, helping moderate the effect of property-market cycles over the next several quarters.
Read all positive factors
China Resources Land (1109) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$217.21B
Dividend Yield4.4%
Average Volume (3M)22.25M
Price to Earnings (P/E)7.9
Beta (1Y)0.74
Revenue Growth-11.74%
EPS Growth-11.38%
CountryHK
Employees59,045
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)3.28
Shares Outstanding7,130,939,500
10 Day Avg. Volume13,452,913
30 Day Avg. Volume22,253,197
Financial Highlights & Ratios
PEG Ratio-13.68
Price to Book (P/B)0.67
Price to Sales (P/S)0.69
P/FCF Ratio5.12
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$42.32Price Target Upside21.68% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering11
EPS Forecast (FY)3.04
Revenue Forecast (FY)HK$231.68B
China Resources Land Business Overview & Revenue Model
Company Description
China Resources Land Limited, an investment holding company, engages in the investment, development, management, and sale of properties in the People’s Republic of China. The company operates through four segments: Development Property Business, I...
How the Company Makes Money
China Resources Land makes money primarily through two major models: (1) property development and sales, and (2) investment property operations.
1) Property development and sales (development segment)
- Revenue generation: The company develops re...
China Resources Land Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
58
Neutral
Cash Flow
61
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 258.22B | 281.33B | 278.80B | 251.14B | 234.34B | 256.50B |
| Gross Profit | 57.21B | 59.72B | 60.33B | 63.16B | 61.44B | 68.23B |
| EBITDA | 51.00B | 46.73B | 62.71B | 69.33B | 66.54B | 76.98B |
| Net Income | 23.39B | 25.41B | 25.58B | 31.37B | 31.99B | 39.67B |
Balance Sheet | ||||||
| Total Assets | 1.08T | 1.08T | 1.13T | 1.19T | 1.23T | 1.16T |
| Cash, Cash Equivalents and Short-Term Investments | 112.63B | 122.68B | 137.03B | 119.73B | 110.03B | 132.24B |
| Total Debt | 276.94B | 287.72B | 266.29B | 239.33B | 255.37B | 227.46B |
| Total Liabilities | 658.74B | 659.67B | 731.65B | 807.03B | 842.37B | 805.29B |
| Stockholders Equity | 292.11B | 289.61B | 272.51B | 264.87B | 277.95B | 277.35B |
Cash Flow | ||||||
| Free Cash Flow | 57.97B | 37.89B | 45.62B | 46.09B | -6.92B | 72.63M |
| Operating Cash Flow | 58.80B | 38.79B | 46.59B | 47.35B | -4.71B | 2.76B |
| Investing Cash Flow | -55.37B | -51.31B | -22.42B | -39.30B | -31.13B | -24.14B |
| Financing Cash Flow | -24.45B | -3.01B | -5.69B | 8.97B | 21.84B | 44.85B |
China Resources Land Technical Analysis
Negative
34.78
Price Trends
30.38
Negative
31.62
Negative
31.05
Negative
Market Momentum
-0.18
Positive
43.51
Neutral
8.23
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1109, the sentiment is Negative. The current price of 34.78 is above the 20-day moving average (MA) of 30.00, above the 50-day MA of 30.38, and above the 200-day MA of 31.05, indicating a bearish trend. The MACD of -0.18 indicates Positive momentum. The RSI at 43.51 is Neutral, neither overbought nor oversold. The STOCH value of 8.23 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1109.
China Resources Land Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | HK$161.55B | 12.21 | 3.39% | 3.90% | 47.69% | 16.48% | |
73 Outperform | HK$315.57B | 14.72 | 3.41% | 3.47% | 17.33% | 11.15% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
63 Neutral | HK$217.21B | 7.88 | 8.04% | 4.40% | -11.74% | -11.38% | |
51 Neutral | HK$138.89B | 10.66 | 2.82% | 3.78% | 4.14% | -16.76% | |
47 Neutral | HK$31.39B | -96.20 | -0.14% | 4.16% | -41.83% | -102.04% | |
44 Neutral | HK$41.32B | -0.45 | -79.94% | 7.60% | -35.13% | -45.10% |
* Real Estate Sector Average
HK:1109
China Resources Land
30.46
3.45
12.75%
HK:2202
China Vanke Co
2.16
-2.25
-51.02%
HK:0688
China Overseas Land & Investment
12.69
0.16
1.29%
HK:1113
CK Asset Holdings
46.16
9.12
24.61%
HK:0960
Longfor Group Holdings
4.54
-4.99
-52.39%
HK:0016
Sun Hung Kai Properties
108.90
17.80
19.54%
China Resources Land Corporate Events
China Resources Land Posts Strong Sales Growth and Rising Rental Income in August 2026
Sep 15, 2026
China Resources Land reported that in August 2026 it achieved gross contracted sales of about RMB18.50 billion, a 40.2% year-on-year increase, even as contracted gross floor area fell 10.8%. For the first eight months of 2026, sales reached RMB149...
China Resources Land Elevates Strategy Chief Zhang Xin to Executive Director
Sep 4, 2026
China Resources Land Limited has appointed Zhang Xin as an executive director and member of its executive committee with effect from 4 September 2026, further elevating an executive who already serves as vice president and chief strategy officer. ...
China Resources Land Updates Board and Committee Structure
Sep 4, 2026
China Resources Land Limited has disclosed the latest composition of its board of directors, detailing the mix of executive, non-executive and independent non-executive directors now overseeing the company. The structure underscores a broad govern...
China Resources Land Boosts Recurring Revenue and Preserves Strong Financial Position in 1H2026
Aug 30, 2026
China Resources Land reported consolidated revenue of RMB67.87 billion for the first half of 2026, with development properties generating RMB45.26 billion, investment property rentals RMB14.16 billion and asset-light management fees RMB8.45 billio...
China Resources Land Declares Interim Dividend With HKD/RMB Currency Option
Aug 30, 2026
China Resources Land has declared an interim ordinary dividend of RMB 0.2 per share for the six months ended 30 June 2026, payable in its default Hong Kong currency at HKD 0.231 per share based on an exchange rate of RMB 1 to HKD 1.1557. Sharehold...
China Resources Land Sets August Board Meeting to Review Interim Results and Dividend
Aug 14, 2026
China Resources Land has scheduled a board meeting for 28 August 2026 to review and approve the interim results for the six months ended 30 June 2026 for the company and its subsidiaries, and to authorize their publication. The board will also con...
China Resources Land Posts Higher Sales Value and Strong Rental Growth Despite Weaker Volumes
Aug 12, 2026
China Resources Land reported unaudited operating figures for July 2026 showing gross contracted sales of about RMB14.10 billion and contracted gross floor area of 0.410 million square meters. Sales value rose 6.0% year on year while sales area fe...
China Resources Land Sees Sales Volume Dip but Rental Income Strengthen in First Half of 2026
Jul 13, 2026
China Resources Land reported unaudited operating figures for June 2026 showing that contracted sales softened while its rental-based recurring income continued to grow. The group recorded gross contracted sales of about RMB22.99 billion for the m...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.