UBS: China Resources Land (01109.HK) is the preferred choice in the industry and the target price has been raised to 42 Hong Kong dollars.

According to the financial app Smart Finance, UBS has released a research report stating that China Resources Land (01109.HK) is currently in a key period of transformation. The current stock price is discounted by 50% compared to the net asset value, and the price-earnings ratio is one of the lowest among property stocks. UBS believes that the market significantly undervalues its value and looks forward to the establishment of Real Estate Investment Trusts (REITs) with limited use restrictions, which will help developers accelerate capital circulation. UBS also pointed out that if China Resources Land changes its dividend policy to fixed dividends per share (DPS), it will increase the visibility of dividend returns and reduce capital reinvestment in development business, both of which will be positive catalysts for value. UBS increased the target price of China Resources Land from HK$37 to HK$42, maintaining a "buy" rating and listing it as the industry's top pick.