China Overseas Grand Oceans Likely to Deliver Above-Peer Presales -- Market Talk

Dow Jones
01/14

0821 GMT - China Overseas Grand Oceans Group is likely to deliver above-peer presales this year, thanks to its solid progress in land acquisition in 2025, says DBS Group Research's Ben Wong Keng Fung in a note. China Overseas Grand Oceans benefits from its "unique position" as the only Chinese state-owned enterprise developer with a focus on lower-tier cities, he says. Profitability is likely to stabilize from 2026 as it gradually recognizes lower-cost land acquired after 2022. However, he trims his 2025-2027 earnings estimates by 14%-32% to reflect weaker margin assumptions, given ongoing property-price softness. DBS cuts its target price to HK$2.46 from HK$2.63 but maintains its buy rating. Shares closed 1.5% higher at HK$2.02. (megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

January 14, 2026 03:21 ET (08:21 GMT)

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