大华继显：升华润置地(01109)目标价至34.1港元 评级“买入”

Core Viewpoint - China Resources Land (01109) reported a 6.9% year-on-year decline in core net profit for the first half of the year, which is largely in line with expectations, benefiting from strong performance in shopping mall operations and recurring business, contributing 60.2% of profits [1] Group 1 - Management holds a positive outlook for sales in the second half of the year, supported by policy backing and increased resources [1] - The company recently set a goal to regularly list a Real Estate Investment Trust (REIT), which is expected to have a positive impact on short-term profitability [1] - The target price for China Resources Land has been raised from HKD 32.8 to HKD 34.1, with a "Buy" rating maintained [1]