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RTNominal down10.580 -0.140 (-1.306%)

16/01/2020 17:20

{I-bank focus}Goldman ups Country Garden (02007) to HK$14.7

[ET Net News Agency, 16 January 2020] Goldman Sachs lifted its target price for Country
Garden Holdings (CG)(02007) to HK$14.7 from HK$14.2 and maintained its "buy" rating.
The research house believes CG remains one of the most attractive top developers, given
that profit from its property development business is likely to peak later and could be
more sustainable than Vanke (02202) and Evergrande (03333).
Goldman said CG has wider and deeper national footprints that will allow it to capture
market share in as less consolidated market. It revised its 2019-21 EPS forecasts by -5%
to -10% after factoring in our updated project delivery schedule and margin performance.

Remark: Real time quote last updated: 21/02/2020 17:59
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