UBS Investment Research: China Property Sector
Date: 31 May 2011
Language: English
Format: PDF
Pages: 60

Table of Contents

— Recommendations ...............................................................................................3
— Appendix..............................................................................................................9
— Agile Property Holdings <AGILE> (Ba2/BB Sta/Sta)...........................................13
— Central China Real Estate <CENCHI> (Ba3/BB- Sta/Sta) ..................................15
— China Overseas Land & Investment <CHIOLI> (Baa2/BBB Sta/Sta) ..................17
— China SCE Property <CHINSC> (B1/B+ Pos/Sta) ..............................................19
— Country Garden <COGARD> (Ba3/BB Sta/Sta) .................................................21
— Evergrande Real Estate <EVERRE> (B1/BB Neg/Sta).......................................23
— Franshion Properties<FRANSH> (Baa3/BBB- Sta/Sta) ......................................25
— Glorious Property Holdings <GLOPRO> (B2/B+ Sta/Neg)..................................27
— Guangzhou R&F Properties <GZRFPR> (NR/NR) .............................................29
— Hopson Development<HPDLF> (B1/B+ Sta/Sta)................................................31
— Kaisa Group <KAISAG> (B1/BB- Sta/Neg).........................................................33
— KWG Property Holdings <KWGPRO> (Ba3/BB- Sta/Sta) ...................................35
— Longfor Properties <LNGFOR> (Ba2/BB+ Sta/Sta) ............................................37
— Powerlong Real Estate <PWRLNG> (Ba3/B+ Neg/Sta)......................................39
— Renhe Commercial <RNHEF> (Ba3/BB Sta/Neg) ..............................................41
— Road King Infrastructure <ROADKG> (Ba3/BB- Sta/Sta) ...................................43
— Shimao Property Holdings <SHIMAO> (Ba3/BB Sta/Neg)..................................45
— Shui On Land <SHUION> (NR/NR)....................................................................47
— Sino-Ocean Land <SINOCE> (NR/NR) ..............................................................49
— SPG Land <SPGL> (Ba3/BB- Sta/Sta)...............................................................51
— Yanlord Land Group <YLLG> (Ba2/BB Sta/Sta) .................................................53
— Yuzhou Property <YUZHOU> (B1/B+ Sta/Sta)...................................................55