Salomon sees China Resources Beijing Land to Post 1H Net of HK$72 million

Salomon Smith Barney said it expects China Resources Beijing Land (1109) to post a first-half net profit of HK$72 million, up 125 percent from a year earlier excluding exceptional profit of HK$32 million. The company will release results on Friday. Salomon is maintaining an Outperform rating on the stock, with the price target set at HK$2.85.

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