We initiate Longfor Group Holdings with a no-moat rating and fair value estimate of HKD 22 per share, which lands in Morningstar 4-star territory and implies a 0.5 times price/book ratio. Despite ...
Amid prolonged property market downturn in China, Longfor Group Holdings, or Longfor, has renewed its strategic focus on developing residential projects and ramping up investment properties’ income in ...
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