大行评级｜星展：微升越秀地产目标价至5.83港元 上调2025至27年盈测

Core Viewpoint - DBS published a research report indicating that Yuexiu Property's core profit for the first half of the year decreased by 12.6% year-on-year, which was better than expected due to stronger-than-anticipated development property profits and a lower degree of inventory impairment [1] Group 1 - The management reiterated its full-year pre-sale target of 120.5 billion yuan, implying a year-on-year growth of 5% [1] - The bank raised its earnings forecast for Yuexiu Property for the years 2025 to 2027 by approximately 13% to 21% to reflect the latest profit predictions [1] - The target price for Yuexiu Property was slightly increased from 5.79 HKD to 5.83 HKD while maintaining a "Buy" rating [1]