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.
全新節目《說說心理話》青少年不可以戀愛!?真實個案講述驚心動魄經歷► 即睇