[ET Net News Agency, 7 January 2021] J.P. Morgan lifted its target price for Sino Land
(00083) to HK$13 from HK$12 and maintained its "overweight" rating.
The research house said the stock is not only inexpensive, i.e. 50% of its market cap is
net cash, but the expected completion of Grand Central in 2021 and 2022 should lift
earnings substantially in FY2021 and FY2022.
JPM believes the company is likely to make use of this profit booking to distribute
special dividends in its final results. Unlike in previous years, the primary launch
pipeline for Sino is also expected to intensify over the next 12 months. (KL)