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China Resources Land Ltd 01109 Stock Quote

| Rating as of

XHKG: 01109

Last close prices updated as of Mar 23, 2023, 4:08 PM HKT | HKD
  • Last Close 35.85
  • Sector Real Estate
  • Industry Real Estate - Development
  • Investment Style Large Value
  • Day Range 35.05  –  36.10
  • Year Range 24.45  –  40.30
  • Market Cap 255.6442 Bil
  • Volume / Avg 7.2 Mil /  10.5 Mil
  • Price / Sales 1.06
  • Price / Book 0.98
  • Forward Div Yield 4.73%
  • Trailing Div Yield 1.62%

Morningstar‘s Stock Analysis 01109

Valuation
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Is it the right time to buy or sell?

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5-Star Price

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Economic Moat

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Capital Allocation

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Latest Data Supports China Real Estate Recovery View; Tweaking CR Land's FVE Slightly

Analyst Note

| Lorraine Tan |

After pushing some revenue to 2023 from 2022 and raising working capital needs slightly, our fair value estimate for China Resources Land, or CR Land, is marginally lowered to HKD 43 from HKD 44. We continue to like CR Land at this share price level and see the developer as a key beneficiary of a recovery in China's real estate market, especially given its strong financial position and access to prime landbank. CR Land hasn't released its February contracted sales data yet, but we expect a continuation of the positive trend in its precontracted sales, which were up 5% year on year in value terms in January 2023. This marks a return to growth that is in line with the broader industry, part of which is due to the low base in 2022, but also as the lifting of lockdowns is allowing visitors to property launch showrooms, which we think will boost sales.

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Key Statistics 01109

Company Profile 01109

Business Description

China Resources Land, or CR Land, is a large Chinese real estate developer with a nationwide coverage. Aside from the core development business, the company is differentiated from other large developers by its significant investment property business with the MixC mall portfolio. CR Land is a subsidiary of China Resources Holdings, or CRH, a large state-owned enterprise conglomerate with diverse holdings in utilities, consumer goods, retail, and property. CRH holds a 59.55% stake in CR Land.

Contact
26 Harbour Road, 46th Floor, China Resources Building, Wanchai
Hong Kong, HKG
Industry Real Estate - Development
Employees 52,451

Related Articles 01109

FAQs for China Resources Land Ltd Stock

Yes. 01109 has a forward dividend yield of 4.73%. See 01109’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

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01109’s market cap is 255.64 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

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01109’s stock style is Large Value.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

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01109’s price/sales is 1.06.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

01109’s price/forward earnings is 7.29.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

01109’s price/book is 0.98.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See 01109’s valuation ratios compared to the Market Index.

01109’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare 01109’s historical performance against its industry peers and the overall market.