[ET Net News Agency, 3 December 2019] Huatai Research upped its target price for CIFI
Holdings (00884) to HK$8.1 from HK$7.1 and maintained its "buy" rating.
The research house said CIFI is one of Huatai's favorite names in the China property
sector. Huatai noted continued improvement in the company's land bank positioning and land
cost structure, in addition to other positive factors that may be widely known by the
market (such as accelerating contracted sales growth and ambition to expand its investment
property business).
Huatai slightly increased its net profit forecasts for CIFI by 0.2-0.7% over 2019-2021
after considering its refreshed physical market outlook for 2019-2020. (KL)