Citic Securities released a research report stating that CSC DEVELOPMENT (00830) announced its unaudited Q3 2025 results, reporting revenue of HK$4.709 billion, a year-on-year decrease of 28.5%, and operating profit of HK$635 million, down 24.5% YoY. The company's performance has been significantly impacted by the downturn in the real estate sector. However, with the stabilization and recovery of Hong Kong's property market and the growth potential in emerging markets and the BIPV (Building Integrated Photovoltaics) industry, the firm expects CSC DEVELOPMENT's earnings to rebound.

Based on comparable PE ratios and historical PB valuations, Citic Securities assigns CSC DEVELOPMENT a target market cap of HK$4.5 billion for 2025, translating to a target price of HK$2.0 per share. The brokerage maintains its "Buy" rating on the stock.