Citigroup: Initiated Buy Rating on Yu Jianfa International (01908.HK), Key City Sales Volume of Vantage Point has Recovered

According to the China Fortune Financial APP, Citibank issued a research report stating that after successfully completing the developer handover, implementing employee stock incentives, and advancing urban renewal projects by March 2025, it has given China Overseas Land & Investment Ltd. (01908.HK) a "buy" rating with an expected dividend yield of 6.4%. The bank raised the valuation multiple from a forecasted P/E ratio of 9 times this year to 10 times, and raised the target price from 16.9 Hong Kong dollars to 18.8 Hong Kong dollars to reflect better sales performance and prospects.