高盛高华Shanghai Industrial:

是 否 +2 论坛币

k人 参与回答

经管之家送您一份

应届毕业生专属福利!

求职就业群

赵安豆老师微信：zhaoandou666

经管之家联合CDA

送您一个全额奖学金名额~ !

立即领取

感谢您参与论坛问题回答

经管之家送您两个论坛币！

+2 论坛币

Shanghai Industrial:Steady growth but NAV discount likely to widen; resume with Neutral上海实业控股[00363]   

研究机构：高盛高华证券 分析师： Frank ... 撰写日期：2010年12月03日

字体[ 大 中 小 ]

[url=]阅读全文： [/url]   26页 | 436KB

    We resume coverage on Shanghai Industrial (SIHL) with a Neutral ratingand 12 month price target of HK$35.4. While we expect SIHL to continue tobenefit from support by its parent company, we are concerned about recentslow property contract sales and the high EV contribution from projects inShanghai, which could be subject to further tightening measures. With arising earnings contribution from property, SIHL’s discount to NAV is likelyto widen as China property developers trade at a 50% discount to 2011ENAV. In order to become more constructive on shares we would need tosee successful execution of its ambitious three year development plan.

扫码加我 拉你入群

请注明：姓名-公司-职位

以便审核进群资格，未注明则拒绝

分享0 收藏0 回帖

关键词：Industrial ndustrial trial Hang 高盛高华 concerned discount Shanghai 上海实业 property