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RTNominal down37.400 -0.350 (-0.927%)

03/12/2019 12:30

{I-bank focus}Huatai raises CR Land (01109) to HK$43.7

[ET Net News Agency, 3 December 2019] Huatai Research raised its target price for China
Resources Land (CRL)(01109) to HK$43.7 from HK$39.3 and maintained its "buy" rating.
The research house said CRL is one of the best proxies for the commercial property
segment in China and will also be a direct beneficiary of the capital market's shift in
preference towards this segment; Huatai thinks CRL's latest share placement offers an
attractive entry point.
It revised up its core net profit estimates for CRL by 2-3% in 2019-2021 to reflect its
current outlook for the physical property market over 2019-2020. (KL)

Remark: Real time quote last updated: 17/01/2020 17:59
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