Citi's Ratings and TPs on CN Developers (Table)
AASTOCKS News·- Citi published a research report detailing investment ratings and target prices for Chinese property developers and managers. - The report assigns Buy ratings to major sector players like CHINA RES LAND with a target price of HKD 43 and CHINA OVERSEAS with HKD 18.2. - Conversely, it issues Sell ratings and Sell/High Risk classifications for specific firms such as CHINA VANKE at HKD 2.2 and COUNTRY GARDEN at HKD 0.16.JPM Ratings, TPs on CN Property Developers and Managers (Table)
AASTOCKS News·- JPMorgan released a research report detailing investment ratings and target prices for various Chinese property developers and property managers. - State-owned enterprise developers like CHINA RES LAND and CHINA OVERSEAS received Overweight ratings with target prices of HKD 44 and HKD 19.5 respectively. - Financially stressed developers including CHINA VANKE and COUNTRY GARDEN were rated Underweight with lowered target prices.HSI Closes at 25,440, Down 212 pts; HSTI Closes at 4,776, Down 47 pts; BABA Down over 3%; Market Turnover Rises
AASTOCKS News·- The Hang Seng Index closed down 212 points at 25,440, with the Hang Seng Tech Index and HSCEI also recording declines. - Market turnover reached $216.78 billion as major heavyweights such as BABA dropped over 3%. - Individual constituents showed mixed movements, with specific stocks like LONGFOR and TINGYI posting notable gains while others like NTES declined.