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03301 RONSHINECHINA
RTNominal unchange0.170 0.000 (0.000%)
Research Report

12/07/2019 14:46

[I-bank focus]UOBKH rates Ronshine China (03301) HK$15.44

[ET Net News Agency, 12 July 2019] UOB Kay Hian initiated coverage on Ronshine China
Holdings (03301) with a target price of HK$15.44 and a "buy" rating.
The research house said Ronshine's corporate footprint includes the top nine core cities
clusters in China - West Side of Strait, the Yangtze River Delta region, the middle ranges
of the Yangtze River, the Greater Bay Area, Beijing-Tianjin-Hebei, Central Henan Urban
Agglomeration, Chengdu-Chongqing, northwest China and Shandong peninsula.
As of 31 December 2018, the group had 154 projects in 39 cities with a total landbank of
about 25,416,500sqm. The major growth drivers include continuing efforts to penetrate the
YRD region, abundant landbank, progressive acquisition of land and active debt reduction
efforts. (KL)

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