Citibank: Reiterates the “Buy” rating from the target price of Sublimation Vientiane Life (01209) to HK$53.3

The Zhitong Finance App learned that Citibank released a research report saying that China Resources Vientiane Life (01209) benefits from the “2+1" business model and is expected to record profit growth of more than 10% each year in the 2026-28 fiscal year. The bank reaffirmed China Resources Vientiane Life's “buy” rating and raised the target price from HK$52.13 to HK$53.3. Among them, commercial operations will achieve compound growth driven by same-store sales growth and new shopping mall pipelines, and the property management business will also transform to high-quality city operations. Coupled with the membership and ecosystem business as the second growth curve, it will provide room for growth for the company.