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ThesisThe company's persistent negative margins and high debt levels continue to weigh on investor sentiment, despite potential catalysts for recovery.
★ Analysts see FY2026 revenue reaching $13.2B — +22.0% growth in a single year.
Why Revenue Could Accelerate
01A potential restructuring of debt could alleviate liquidity pressures, with negotiations reportedly ongoing with creditors to extend maturities.
02Recent government policies aimed at stabilizing the housing market may lead to increased property sales in the second half of the year.
03The company has a significant land bank valued at approximately $10B, which could provide a cushion against current financial pressures if monetized effectively.
04A recent uptick in consumer sentiment could translate into higher demand for residential properties, particularly in urban areas.
05Urbanization trends in China driving demand for residential properties
06Government initiatives aimed at stabilizing the real estate market
07Changes in housing policy in China, particularly related to mortgage lending and property sales restrictions
08Fluctuations in property prices in key markets like Guangzhou and Shenzhen
