The Zhitong Finance App learned that Citi released a research report stating that maintaining the “buy” rating of Country Garden Services (06098), with the support of improved operating cash flow, strengthened market-based operations and internal optimization efforts, the company will be able to meet industry challenges through changes, and the target price will be reduced from HK$7.7 to HK$7.6.
According to the report, in the process of enterprise transformation, Bifu aims to achieve a low unit increase in profit this year, while profit margins remain stable. Xu Binhuai was appointed as the president of Country Garden Services in October last year. The company's organizational structure was adjusted. Under the leadership of the new management team, Bifu established a “steady and progressive” development direction. The goal is to focus on improving service levels, healthy cash flow, strengthening ESG development, and giving back to shareholders through dividends and repurchases.