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Letter and home ownership rose 1.54% Goldman Sachs downgrade to neutral

Source: Internet
Author: User
Keywords HONG Kong Dollar stock analyst
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The letter and home purchase (00083-HK) rose 1.54%, reported HK $14.50, a deal of HK $155 million, which won the big city in early trading, and the index fell 0.31%. Goldman Sachs downgraded the stock from buying to neutral, before it apparently beat its peers. But its target price has been lowered from HK $11.10 to HK $15, and earnings forecasts for the fiscal year 2010 and 2011 have been lowered by 18% and 15% respectively, in part because brokerage firms have adjusted their expectations for Hong Kong's housing prices higher.

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