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06158 ZHENRO PPT
RTNominal up0.052 +0.008 (+18.182%)
Research Report

12/07/2019 15:29

[I-bank focus]UOBKH starts Zhenro Properties at HK$8.37

[ET Net News Agency, 12 July 2019] UOB Kay Hian initiated coverage on Zhenro Properties
Group (06158) with a target price of HK$8.37 and a "buy" rating.
The research house said Zhenro Group, as of 2018, had invested in six city clusters -
the Yangtze River Delta region; the Bohai Rim area; central China, west China and the
economic region west of the Taiwan Strait; and the Greater Bay Area - with a total of 145
projects and a landbank of 24,560,000sqm.
The major growth drivers include high sales growth, continuing efforts to penetrate the
tier-2 cities, abundant landbank, low land acquisition costs and expanding financing
channel. (KL)

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