In "The Big Banks," China International Capital Corporation lowered the target price for GREENTOWN MGMT to 2.8 yuan, with last year's performance meeting market expectations

According to a research report by China International Capital Corporation (CICC), GREENTOWN MGMT (09979.HK) is expected to have a revenue of RMB 3.12 billion in 2025, a year-on-year decrease of 9%; the net profit attributable to shareholders is expected to be RMB 420 million, a year-on-year decrease of 48%, in line with previous profit warnings and market expectations. The company declared a dividend of RMB 0.21 per share, corresponding to a current dividend yield of 10.4%.

Based on adjustments to forecasts for core business gross margins, the bank has lowered its earnings forecasts for GREENTOWN MGMT for 2026 and 2027 by 9% and 4%, respectively, to RMB 440 million and RMB 460 million, both reflecting a year-on-year growth of 5%; it maintains an "outperform industry" rating and, considering adjustments to earnings forecasts and market risk preferences, has lowered the target price by 13% to HKD 2.8