Unattractive valuation of 43x CY22F P/E■ CR Mixc's 1H21 core net profit rose a strong 67% yoy, 6% above ourestimate, driven by increasing revenue and gross margin improvement.■ Management expects further gross margin improvement for the residentialsegment and guided for overall gross margin of about 30% in FY25F.■ Its expansion in commercial property segment was […]

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