Citigroup: Raises target price of China Resources Mixc Lifestyle to HK$48.5, maintains "buy" rating.

Citibank published a research report stating that CR Vanguard Life's first half of the year income from commercial growth remains stable, with a good cash flow recovery rate. The company is confident that the annual cash flow will exceed profits by more than double. The bank maintains its forecast of a 15% profit growth for CR Vanguard Life this year and predicts growth of around 10% in 2026 and 2027. With a 5% dividend yield in consideration, the bank maintains a "buy" rating on CR Vanguard Life, with a target price raised from HK$40 to HK$48.5.