DBS says China Resources Land recurring profit supports resilience
DBS Group Research analysts say China Resources Land’s rising recurring profit and capital-recycling initiatives are likely to underpin resilience, with recurring earnings now nearly 66% of total core profit.
China Resources Land's rising recurring profit and capital-recycling initiatives are likely to underpin the property company's resilience, DBS Group Research analysts say in a note.
Recurring earnings now account for nearly 66% of its total core profit, offsetting the company's softer property-deve…