The Zhitong Finance App learned that J.P. Morgan Chase released a research report stating that it maintains Changshi Group's (01113.HK) “gain” rating, with a target price of HK$52. The reasons include that the Group is in a net cash position, the interest rate hike scenario has limited impact on it, and that the Group has more potential capital recovery opportunities. Changshi Group announced on the evening of October 8 that it has decided to demolish and rebuild three of the six residential buildings in the “Hong Kong People's First Project” on Anderson Road. Previously, it was discovered that the steel bars had seriously deviated from the approved plans. The bank roughly estimates that the additional construction cost is HK$1.2 billion to HK$1.4 billion, equivalent to 0.8% to 0.9% of the market value, and may reduce the profit margin for project development from 19% to 8% to 10%, dragging down the annual profit margin by about 8%.

The Zhitong Finance App learned that J.P. Morgan Chase released a research report stating that it maintains Changshi Group's (01113.HK) “gain” rating, with a target price of HK$52. The reasons include that the Group is in a net cash position, the interest rate hike scenario has limited impact on it, and that the Group has more potential capital recovery opportunities. Changshi Group announced on the evening of October 8 that it has decided to demolish and rebuild three of the six residential buildings in the “Hong Kong People's First Project” on Anderson Road. Previously, it was discovered that the steel bars had seriously deviated from the approved plans. The bank roughly estimates that the additional construction cost is HK$1.2 billion to HK$1.4 billion, equivalent to 0.8% to 0.9% of the market value, and may reduce the profit margin for project development from 19% to 8% to 10%, dragging down the annual profit margin by about 8%.