＜Research＞M Stanley Reiterates Rating for CHINA RES MIXC at Overweight as Weak Luxury Sales Concern Overdone

　　The market is overly concerned about the impact of weak luxury goods sales on CHINA RES MIXC (01209.HK) +0.350 (+1.591%) Short selling $48.61M; Ratio 29.579% , which is expected to maintain EPS growth of over 20% for FY2024-FY2025 by improving operating leverage, Morgan Stanley issued a research report saying.

　　CHINA RES MIXC's shares are attractively valued, and its strong fee collection and rich cash balance offer significant upside to its dividend, Morgan Stanley added.

　　Related NewsUBS Downgrades HANG LUNG PPT, CR MIXC to Neutral, Citing Slowing Luxury Retail Sales in CN

　　Summarizing the above factors, Morgan Stanley maintained CHINA RES MIXC as its preferred stock, and reiterated rating at Overweight, with its target price set at $41.49.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-25 16:25.)

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