Citic Securities Maintains "Buy" Rating on CSC DEVELOPMENT (00830) with Target Price of HK$2

Stock News

Oct 29, 2025

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.

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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.</p>\n<p>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.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Citic Securities Maintains \"Buy\" Rating on CSC DEVELOPMENT (00830) with Target Price of HK$2</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCitic Securities Maintains \"Buy\" Rating on CSC DEVELOPMENT (00830) with Target Price of HK$2\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2025-10-29 10:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>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.</p>\n<p>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.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1105","symbol_name":"建筑产品","start_time":0,"source_url":"","article_id":"1182927153","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1182927153","pubTimestamp":1761703226,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"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...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1105":"建筑产品","00830":"中国建筑兴业"},"translate_title":"中信证券维持长航发展(00830)“买入”评级目标价2港元","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00830":1},"content_text":"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.\nBased 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.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}