Changes in Hong Kong stocks | C&D International Group (01908) rose more than 4% in early trading, Citi is optimistic that the pace of the company's land acquisition will accelerate, and more new listings will be launched in September

The Zhitong Finance App learned that C&D International Group (01908) rose more than 4% in early trading. As of press release, it had risen 3.84% to HK$14.6, with a turnover of HK$576.64 million.

According to the news, Citi released a research report stating that the 30-day positive catalyst observation of C&D International is optimistic that the pace of land acquisition by the company will accelerate in June. Citi said that the company entered Qianhai, Shenzhen for the first time. At the same time, the elimination of existing projects has improved, and product upgrades have led to an increase in sales. It is expected that more new listings will be launched in September, which can drive sales growth.

According to the report, C&D International's land reserve structure is healthy. 82% of the resources will be obtained after 2022 (about 155 billion yuan), with good profit margins; 65% of the land reserves are located in core cities (Xiamen, Shanghai, Beijing, Hangzhou, Chengdu, etc.), of which 36% was added in 2025. The bank believes this lays a good foundation for a recovery in gross margin. Citigroup predicts C&D International's sales volume for the full year 2026 will be approximately RMB 130 billion.