[ET Net News Agency, 13 January 2020] UBS Global Research raised its target price for
KWG Group Holdings (01813) to HK$13.1 from HK$6.2 and upgraded its rating to "buy" from
"sell".
The research house turned positive on KWG, due to potential policy relaxation. It noted
that the company is engaged in urban redevelopment in Guangdong province (Hongwei village
will contribute to its landbank in 2020), and the proposed spin-off of its property
management business in 2020.
Based on the company's saleable resources in 2020, UBS expects 2020 contract sales to
reach 30%. (KL)