First Shanghai: China Overseas Development (00688.HK) rated as "buy" with a target price of HK$19.35.

According to the Wisdom Finance APP, First Shanghai has released a research report stating that China Overseas Development (00688.HK) has been highly focused on investing in high-energy cities and core regions in recent years, and has a reputation for "good products", with continuously increasing market share. At the same time, the company's financing capability and cost control ability lead the industry, providing solid support for the improvement of the company's profitability level and long-term development. The bank estimates that the company's core net profit attributable to the mother in 2025 to 2027 will be 16.1 billion yuan, 17.1 billion yuan, and 18 billion yuan respectively, giving a 12 times price-earnings ratio for 2025, with a target price of 19.35 Hong Kong dollars and a buy rating.