[ET Net News Agency, 4 September 2019] HSBC Global Research lowered its target price
for SOHO China (00410) to HK$3.1 from HK$3.3 and maintained its "buy" rating.
The research house said SOHO China's 1H results reflect the resilient rental performance
amid a more uncertain macro environment impacted by the trade tensions. HSBC is slightly
disappointed with no notable progress on the asset sales plan and 3Q office projects.
HSBC revised up its revenue and core profit forecasts by 2%/5% in FY2019/20
respectively, after updating the rental operating statistics based on 1H results. (KL)
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00410 SOHO CHINA
Nominal 
0.640 0.000 (0.000%) Research Report
04/09/2019 11:36
{I-bank focus}HSBC lowers SOHO China (00410) to HK$3.1
| Remark: | Real time quote last updated: 18/04/2024 08:32 |
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