CICC: Maintain Buy rating on Beijing Capital Land (00392.HK) with a target price of 35 Hong Kong dollars.

According to the Wise Finance APP, CICC has released a research report stating that Beijing Enterprises Holdings Limited (00392.HK) maintains its profit forecast for 2025 and 2026. The current stock price corresponds to a price-to-earnings ratio of 6.8 times for 2025 and 6.7 times for 2026. The company maintains an outperform industry rating and a price target of HK$35, corresponding to a price-to-earnings ratio of 7.4 times for 2025 and 7.2 times for 2026, with an upward potential of 8.2% from the current stock price. The company announced its 1H25 performance, with revenue of 44.5 billion yuan, a year-on-year increase of 5.2%; net profit attributable to shareholders was 3.44 billion yuan, a year-on-year increase of 8.1%, and operating profit attributable to shareholders was 3.28 billion yuan, a year-on-year increase of 4.1%, in line with the bank's expectations; the company plans to distribute an interim dividend of HK$0.85 per share, which is unchanged from the previous year.