UBS: Raises target price of CHINA RES MIXC (01209) to 55 Hong Kong dollars, increases forecast for retail sales growth.

UBS released a research report stating that CHINA RES MIXC (01209) will announce its performance for the previous year on March 27. UBS expects that its performance for 2025 will meet market expectations. The bank expects the company to provide optimistic guidance, including the expansion plan for shopping centers under the "15th Five-Year Plan" and the forecast for same-store sales growth in 2026. The bank has raised its forecast for same-store retail sales growth in 2026 from 7% to 10%, resulting in a 2% increase in profit forecast for 2026 to 2027. The target price has been raised from 48 Hong Kong dollars to 55 Hong Kong dollars, maintaining a "buy" rating and ranking it as the top choice in the Chinese real estate sector.