Real estate is down 5.17% in the afternoon. Citi maintains a selling rating

Decimating Real Estate 4th afternoon low concussion, is now 5.17%, a report of 16.5 Hong Kong dollar; Citigroup has lowered its target price to HK $10.47 but maintained its selling rating. Fuli Real Estate (02777) June 4 low drive low go, after a low shock in the afternoon, it is now 5.17% and a 16.5 Hong Kong dollar; Citigroup raised its target price, rising from HK $5.62 to HK $10.47, but maintaining its selling rating, as the current market value of the stock is 14.96 per cent of the estimated net worth of HK $15%.　　In view of the high debt ratio and the limited growth potential of new land acquisitions, it maintained its selling rating.　　In view of the cost of the average price and sales forecasts of the real estate, Citigroup adjusted the profit forecast for 09 to 13.3% to 0.814 yuan, the net profit of 2.622 billion Yuan, 2010 and 2011 earnings forecasts for each share were also increased by 35.4% and 23.8% respectively. Citigroup noted that since the end of March, there has been a slowdown in contract sales. The company had previously invested 1.02 billion yuan in a site located at 10th Guang Qu Door, Chaoyang District, Beijing, the total construction area of about 72,500 square meters, assuming the construction cost of 5000 yuan per square metre, the total development costs will be about 20,000 yuan per square metre, and the adjacent areas of property prices similar. If the property price in the current level no longer rise, for the decimating, the project's gross margin is not high.