Shimao Property Falls 2% only Goldman Sachs buys thicker nav

The latest announced the purchase of 3.02 billion yuan to buy Xiamen land to build commercial and residential high-end comprehensive community of the Shimao real estate, stock prices this morning to go down significantly lower, after a fall of 4% after the rebound stabilisation, the stock price is still soft 1.73% to 12.52 Hong Kong dollars, deal 9.23 million shares.　　Goldman Sachs issued a report saying it maintained its buying rating, with a slight rise in the target price from HK $16 to HK $16.07, at a premium of 28% per cent. Goldman Sachs, said that the land acquisition than the company's new land acquisition before the end of 2010 40%, the average price for the first period of 15,750 yuan per square metre, will be introduced in the second half of 2010, the total cost of 10,667 yuan per square meter, Will increase the net asset value of the existing portfolio by 2010 to HK $0.66, to HK $17.85. Accordingly, the target price will be adjusted by 0.4% according to the 12-month net assets calculation.