[ET Net News Agency, 7 May 2021] Morgan Stanley cut its target price for China Aoyuan
(03883) to HK$ 10.56 from HK$10.81 and maintained its "overweight" rating.
The research house lowered its core earnings for Aoyuan by 21% and 20% in 2021/22 due to
lower revenue by 11% and 12% in 2021/22 on slowing revenue booking in 2020.
Morgan noted that the company targets 13% sales growth in 2021. Management guided a
booking revenue CAGR of 25% for property development in 2021-23. Its landbank to be
supported by urban redevelopment. (KL)
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Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
03883 CHINA AOYUAN
Nominal 
0.180 +0.039 (+27.660%) Research Report
07/05/2021 17:22
{I-bank focus}Morgan cuts China Aoyuan (03883) to HK$ 10.56
| Remark: | Real time quote last updated: 10/05/2024 17:59 |
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