The analyst rating is based on YUEXIU PROPERTY's significant decline in core profit by 84% due to margin contraction and increased profit attributable to minority shareholders. The company lacks short-term catalysts, and management did not set a sales target for the first time, leading to expectations that its share price will lag behind other high-quality developers. However, positive developments in sales, home prices, and new projects may lead to a potential re-rating. Consequently, the target price was lowered from $5.2 to $4.1, maintaining a 'Hold' rating.
