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02007 COUNTRY GARDEN
RTNominal down9.200 -0.370 (-3.866%)
Research Report

07/07/2020 15:33

{I-bank focus}JEF starts Country Garden (02007) at HK$12.23

[ET Net News Agency, 7 July 2020] Jefferies Research initiated coverage on Country
Garden (02007) with a "buy" rating and target price of HK$12.23.
The research house likes Country Garden's strong execution and the absolute leading
position in low-tier cities. Jefferies acknowledged the company's slower sales growth on
its sizeable base and suggested that investors focus on its improving balance sheet for
long-term sustainable growth.
Jefferies also finds its 7-8% dividend yield attractive and expects the low-tier market
recovery in 2H to lead to the stock re-rating from its current below-peer valuation. (KL)

Remark: Real time quote last updated: 25/09/2020 17:59
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