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China's overseas development rose 2.9% to 18.5 HK $

Source: Internet
Author: User
Keywords Outlook growth rate Hong Kong dollar
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China's overseas Development (00688.HK) breakthrough "on the flag-raising shape", a half-day increase of 2.9% received $16.56, sold 15.64 million shares. As the gains and sales are strong, the Chinese overseas rating will rise from "neutral" to "overweight", with the target price rising from 10 to 18.5 yuan, which is equivalent to 20 times times the 2010 forecast earnings ratio and 3.7 times times the market rate, says Mo. The improvement in mainland property prospects and China's strong overseas position can be revalued to 1 time times the growth rate of the city's surplus and 20 times multiples.

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