Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
01918 SUNAC
RTNominal up1.120 +0.010 (+0.901%)
Research Report

17/04/2020 11:22

{I-bank focus}Jefferies cuts Sunac (01918) to HK$47.55

[ET Net News Agency, 17 April 2020] Jefferies Research lowered its target price for
Sunac China Holdings (01918) to HK$47.55 from HK$49.5 and maintained its "buy" rating.
The research house said Sunac has pulled back 8% in the past two days after it guided
10% earnings growth to RMB30bn for FY2020 earlier this week.
Jefferies believes the market has over-reacted and advised that investors focus on
Sunac's good de-gearing progress and improving cost control to be a higher quality growth
player.
Jefferies also sees now a good buying opportunity and believes the potential spin-off of
its property management in 2H is a good medium-term catalyst. It conservatively estimated
the value of the business to be HK$16bn at spin-off. (KL)

Remark: Real time quote last updated: 28/03/2024 18:00
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.