TC

12/04/2024 14:49

{I-bank focus}UBS lowers China Vanke (02202) to HKD2.6

  UBS lowered the target price for China Vanke (02202) to HKD2.6 from HKD7 and downgraded the rating to "sell" from "neutral".
  The research house said amid falling contract sales and maturing bonds, it believes Vanke is on the road to deleveraging.

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