智通财经网·2025-10-13 06:01Core Viewpoint - Morgan Stanley reports that CR Mixc, a shopping mall under China Resources Land (01109), recorded low single-digit same-store sales growth during the golden period, leading to an overall retail revenue increase of over 25% year-on-year [1] Group 1: Sales Performance - CR Mixc's same-store sales growth contributed to a retail revenue increase of over 25% year-on-year, with high-end malls experiencing same-store sales growth exceeding 20% [1] - Year-to-date, the same-store sales growth is recorded at low single digits year-on-year, while overall retail revenue for the first nine months has grown by 20% to 25% year-on-year [1] Group 2: Rental Income and Market Position - The company is expected to exceed management's original rental income forecast, achieving a 13% year-on-year growth [1] - The growth is attributed to the expanding market share of CR Mixc, which continues to outperform its peers [1] Group 3: Investment Recommendation - Morgan Stanley maintains a "Buy" rating on the stock, with a target price set at HKD 39.3 [1]