[ET Net News Agency, 13 January 2020] J.P. Morgan raised its target price for Sunac
China (01918) to HK$55 from HK$49 and maintained its "overweight" rating.
The research house said Sunac's HK$8bn placement should not come entirely as a surprise
given the company's track record and recent share price strength.
JPM now expects Sunac net gearing to be at around 110% by end-2020, and below 100% by
end-2021. It expects Sunac's 2019 core net profit to be Rmb26.4bn, with a 16% CAGR into
2021. This is supported by Rmb650bn of unrecognized sales. (KL)
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01918 SUNAC
Nominal 
0.940 -0.040 (-4.082%) Research Report
13/01/2020 17:00
{I-bank focus}JP Morgan raises Sunac China (01918) to HK$55
| Remark: | Real time quote last updated: 19/04/2024 18:00 |
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