Stress testing valuation downside, risk rewards remain attractive; reiterate Buy After hitting an all-time low (HK$19.12 on Sept 10, 2024) since this downturn that began in 2021, the share price of CRL has gained 51% after the Sept 24 policy stimulus, outperforming our developers coverage average by 20pt and MSCI China index by 5pt. While most investors agree with us on the strong outlook of the two major share price drivers, i.e. improving profitability/ROE of its new acquisitions and continuous market sha ...

The Bank of England has begun industry outreach about stress testing the private credit market, underlining rising concerns about the sector https://t.co/rtAK2l7tff ...