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Letter and home purchase Rose 2.52% Merrill Lynch rating of HK $14

Source: Internet
Author: User
Keywords Hong Kong dollar residential major projects
Tags added business high home purchase index market market share projects
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The letter and home purchase (00083-HK) rose 2.52% in the morning to HK $13.04, a deal of HK $87.6952 million, which won the big market in early trading and the index rose 1.59%. Merrill maintained the stock-buying rating at a target price of HK $14. The bank said it was bullish on the quality of its residential projects in Hong Kong because of its good reputation and high market share. The bank is also bullish on the Hong Kong residential market, which has the highest business share in the market. However, the unit lacks a substantial catalyst in the near future and only 2-3 projects may be launched in the second half of 09. Added that there are no agricultural land in Hong Kong and there are no major projects in China.

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