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03380 LOGAN GROUP
RTNominal up12.240 +0.240 (+2.000%)
Research Report

14/02/2020 15:50

{I-bank focus}Virus impact on Chinese developers manageable

[ET Net News Agency, 14 February 2020] Jefferies Research said Shanghai, Hangzhou,
Xi'an, and Wuxi have announced some relaxations (mainly on payment of land premium and
property-related taxes) over the past couple days to alleviate the cashflow burden of
developers.
The research house expects more high-tier cities to follow and T1/T2-city players with
high leverage/tight cashflow, as well as relatively small landbank to be the key
beneficiaries.
It believes the overall COVID-19 impact on sales/earnings is manageable, and large
developers may also turn proactive on land banking in the following months. It remains
bullish on CIFI Holdings (00884), Sunac China (01918), KWG Group (01813) and China SCE
(01966). (KL)

Remark: Real time quote last updated: 28/09/2020 17:59
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