[ET Net News Agency, 1 April 2020] Jefferies Research lowered its target price for
China SCE Group Holdings Limited (01966) to HK$5.66 from HK$6.66 and maintained its "buy"
rating.
The research house expects the strong sales growth of SCE to continue this year,
boosting it to be an RMB100bn club member, considering its rich saleable resources in T1/2
cities.
Management targets to maintain 20-30% sales CAGR in the medium term, while continuing to
expand its mall/rental apartment portfolios to a sizeable scale by 2025. Jefferies expects
its earnings growth to accelerate to 28% this year to offer a 9% yield, given its huge
delivery. (KL)
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01966 CHINA SCE GROUP
Nominal 
0.119 +0.003 (+2.586%) Research Report
01/04/2020 14:58
{I-bank focus}JEF trims China SCE Group (01966) to HK$5.66
| Remark: | Real time quote last updated: 24/04/2024 17:59 |
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