Citigroup: Upgrade Yuexiu Property Group (00551.HK) target price to HK$16.5, upgrade rating to "buy"

According to the app of Wise Money, Citigroup released a research report stating that Yuexuan Group (00551.HK) latest first quarter data is in line with profit forecast. The bank said that the group's stock price fell 30% during the year due to profit forecast and the threat of equivalent tariffs, and therefore upgraded its rating from "neutral" to "buy". The bank also lowered its profit forecast for the group for 2025 to 2027 by 4% to reflect a slight decrease in efficiency due to the increase in production capacity in the first quarter. However, the bank raised its target price from 15.8 Hong Kong dollars to 16.5 Hong Kong dollars to reflect the potential improvement in demand from the United States as a result of lower tariffs than expected.