[ET Net News Agency, 3 December 2019] Huatai Research lifted its target price for
Yuzhou Properties (01628) to HK$5.5 from HK$4.9 and maintained its "buy" rating.
The research house said Yuzhou has shown solid improvement in its year-to-date
contracted sales performance; its 2020 dividend yield stands at an attractive 11%, one of
the highest in the China property sector.
Huatai increased its core net profit estimates for Yuzhou by 0.2-3.6% in 2019-2021 to
reflect its refreshed physical property market outlook for 2019-2020 and its adjusted
property project completion assumptions for the company. (KL)