Morningstar Quantitative ratings for equities (denoted on this page by) are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies withratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating. Click here for more on how to use these ratings.
China Resources Land is a large Chinese real estate developer. As at the end of 2019, the company had more than 250 development projects in 80 cities and 116 investment properties in operation or under construction. Property development accounts for 85% of earnings, followed by property investments (10%) and ancillary property operations (5%). The company is a subsidiary of China Resources Holding, a large state-owned enterprise conglomerate with diverse holdings in utility, consumer goods, retail, and property. CRH holds a 61% stake.
Hong Kong, 100035, Cayman Islands