Citigroup: China Building Materials (03323.HK) included in 90-day uptrend catalyst observation, deep valuation discount

Wealth Finance APP has learned that Citigroup has released a research report stating that China Building Materials (03323.HK) is currently trading at a discount of about 82% under the sum-of-the-parts valuation method (SOTP), which is deeper than its historical average discount level of about 60%. Despite the company's increasing exposure in the electronic cloth and new materials sectors, its stock price has not fully reflected the revaluation of its assets. The bank has included China Building Materials in its 90-day catalyst observation list for upward trend, reaffirming a "buy" rating with a target price of 7.3 Hong Kong dollars.