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03319 A-LIVING
RTNominal up3.070 +0.020 (+0.656%)
Research Report

07/01/2020 16:53

{I-bank focus}UOBKH starts A-Living Service at HK$32.69

[ET Net News Agency, 7 January 2020] UOB Kay Hian initiated coverage on A-Living
Service (03319) with a "buy" rating and a target price of HK$32.69.
The research house said the two main shareholders of the company are Agile (03383) and
Greenland Holdings Corp (Shanghai: 600606). Both shareholders have maintained stable sales
growth over the past few years and sizeable upcoming projects, guaranteeing a base of
growth for A-Living's managed area.
Since its initial public offering, the company has acquired six companies. After the
acquisition of China Min Sheng Property last month, the managed area of A-Living will be
the highest in the industry. (KL)

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