[ET Net News Agency, 9 January 2018] Daiwa Research lifted its target price for
Shenzhen International (SZI)(00152) to HK$17 from HK$12.7 due to the higher-than-expected
land appreciation gain, and maintained its "outperform" rating.
SZI hosted an analyst meeting on 8 January to discuss the recent conclusion of the land
value of the Qianhai project, as well as progress of the Meilin Checkpoint land
development.
The research house thinks SZI would likely consider paying a special dividend in 2017
after the company agreed with the Shenzhen government on an aggregated value of HK$9.7bn
for the Qianhai land on 21 December. (KL)