[ET Net News Agency, 10 January 2020] J.P. Morgan raised its target price for Kerry
Properties (00683) to HK$27.5 from HK$27.3 and maintained its "neutral" rating.
The research house said Kerry's residential sales in Hong Kong are mostly concentrated
in the high-end segments, where sentiment is not expected to improve in 2020.
Furthermore, Kerry's China shopping mall performances have been lagging its peers. JPM
thinks the stock is likely to hover around the bottom end of its valuation range until the
market finds a new bright spot on the company. It also believes the current distressed
valuation is likely to cushion downside from current levels. (KL)
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00683 KERRY PPT
Nominal 
14.060 0.000 (0.000%) Others
10/01/2020 10:35
{I-bank focus}JPM raises Kerry Properties (00683) to HK$27.5
| Remark: | Real time quote last updated: 18/04/2024 08:43 |
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