报告名称：Central China Real Estate(00832.HK)High dividend support with good potential for
报告类型：港股研究
报告日期：2016-04-06
研究机构：德意志银行
股票名称：建业地产
股票代码：00832
页数：17
简介：Our target price is based upon a 35% discount to our revised estimated NAV of HK$3.87/share (HK$4.51/share), factoring in lower margin assumptions following the FY15 results. Our target discount is in line with peers with a similar business scale, which we believe is appropriate. We see a unique investment thesis with its sole focus on Henan, which is predominantly enduser- driven. Risks: unexpected economic and policy volatility.

下载地址：Central China Real Estate(00832.HK)High dividend support with good potential for