[ET Net News Agency, 23 December 2020] Citi Research lowered its target price for
Shimao Group Holdings (00813) to HK$36 from HK$43.12 and maintained its "buy" rating.
Despite a downward revision of sales growth guidance in December, the research house
sees Shimao's share price as cheap and has already priced in the negatives of downward
guidance revisions.
Based on the current macro environment and various measures, Citi believes steady and
sustainable growth is of the utmost importance for leading developers, which will be a
showcase for the whole industry. Shimao expects the top-10 developers to achieve average
sales growth of less than 10% in the future, while it expects over 10% growth. (KL)
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00813 SHIMAO GROUP
Nominal 
0.295 -0.010 (-3.279%) Research Report
23/12/2020 12:30
{I-bank focus}Citi trims Shimao Group (00813) to HK$36
| Remark: | Real time quote last updated: 19/04/2024 18:00 |
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