China Resources Land Ltd
01109: XHKG (HKG)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $XL | LOCK|$h | LOCK|$??>^^M |
CR Land Earnings: Strong Recurring Income Offsets Weak Property Sales Recognition; Shares Cheap
China Resources Land's revenue and operating profit declined 28% and 31% year on year, respectively, in first-half 2026. Gross margin rose to 25.4% from 24.0% a year ago due to a favorable mix shift toward higher-margin property investment income.
