China Overseas Land & Investment Ltd
00688: XHKG (HKG)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| HKD 53.00 | Bnhj | Kzwwnvkjj |
COLI's Earnings Growth Should Persist in the Long Run Despite Near-Term Headwinds
Business Strategy and Outlook
As housing demand cools and credit growth slows, we believe the leverage-driven strong growth for China’s real estate developers is behind us. That said, we think large developers such as China Overseas Land & Investment, or COLI, will fare well as the industry consolidates, with smaller peers facing increasing liquidity constraints and slumping sales volume. During market downturns, COLI has been one of the few developers to achieve market share growth, through focusing on landbank quality upgrades and opportunistic acquisitions.