[ET Net News Agency, 21 October 2020] J.P. Morgan lowered its target price for Shimao
Group Holdings (00813) to HK$41 from HK$43.5 and maintained its "overweight" rating.
The research house said Shimao Services, the property management arm of Shimao Group,
has issued a prospectus with a price range.
The Shimao Group has started trading ex-preferential allocation rights this week, and
its share price has underperformed, due mainly to the exit of investors who want to hold
Shimao Group for allocation of Shimao Services, JPM added.
JPM believes growth in all Shimao Group's businesses, including development property,
investment property, and property management, will outperform. Hence, the current sell-off
is temporary. (KL)
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Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
00813 SHIMAO GROUP
Nominal 
0.335 +0.015 (+4.688%) Others
21/10/2020 15:11
{I-bank focus}JP Morgan lowers Shimao Group (00813) to HK$41
| Remark: | Real time quote last updated: 25/04/2024 18:00 |
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