Shimao Real Estate rises 4% Big line to buy proposal

Source: Internet
Author: User
Keywords Real estate Hong Kong dollar
Shimao property climbed markedly this morning, with shares now up 4.05% to HK $14.38, trading 7.74 million shares.  Or to be boosted by buying advice from big international lines. Citi issued a report saying it maintained the stock's buying rating, raising the target price from HK $11.92 to HK $18.49, based on a 10% discount to net asset value, which is 29% per cent premium. Refers to the world-Mao brand Strong effect, excellent sales performance, good financial situation. In the real estate market early action, recently in Qingdao, Nanjing and Xiamen bought 3 pieces of land, the total building face about 900,000 square meters.  As a result, the forecast for net asset value of the unit was raised from HK $17.03 to HK $20.54, and Shimao property is expected to continue to be downgraded. Goldman Sachs also reiterated the Shimao real estate buying proposal, and raised the net asset value and target price of each share from 17.85 and HK $16.07 to 18.72 and HK $16.85, with the new target price discounting 30% and 11.7 times per share of the net asset value for 10. Goldman Sachs also raised its 09-11-year core earnings forecast by up to 9%, and the 09 contract sales forecast increased 7% to 17.1 billion yuan. Refers to the world House's commercial building project prices better than expected, the property sales progress is ideal, and its two commercial projects can lead to a rise in NAV.
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