0424 GMT - China Overseas Land & Investment's margin pressure is likely to be temporary, says Morningstar's Jeff Zhang in a note. The Chinese property company's 1Q operating profit declined due to weaker margins of its delivered units, he says. However, the company is likely to improve its asset quality by replenishing its land bank in central areas of large cities, the analyst says. This could lead to higher average selling prices for new projects, which could boost its operating margin to 18.3% in 2030 from 11.5% in 2025, he adds. Morningstar retains its HK$19.00 fair-value estimate, noting the shares are undervalued. Shares are up 0.9% at HK$13.92. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

May 05, 2026 00:24 ET (04:24 GMT)

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