[ET Net News Agency, 10 January 2020] J.P. Morgan raised its target price for Sino Land
(00083) to HK$12 from HK$9.7 and upgraded its rating to "neutral" from "underweight".
The research house said the upgrade reflects the company's conservative land banking
approach to support the defensive nature of the company together with its strong net cash
position.
However, Sino's dividend growth is also likely to be on the low side versus market
expectations. The potential launch of the Wong Chuk Hang project in 2H 2020 will likely
support its share price. (KL)