[ET Net News Agency, 12 January 2021] Jefferies Research lifted its target price for
Sunac China (01918) to HK$46.17 from HK$44.96 and maintained its "buy" rating.
The research house believes Sunac may surprise the market on the upside with its good
de-gearing progress in the FY2020 results reporting in mid-March.
Jefferies expects its improving balance sheet would lower market's concern on the
company's medium-term sales/earnings growth under the current tight credit environment,
and thus supports stock re-rating. It sees Chairman's recent stake increase offers good
downside protection. (KL)
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01918 SUNAC
Nominal 
1.170 +0.140 (+13.592%) Research Report
12/01/2021 10:52
{I-bank focus}Jefferies ups Sunac China (01918) to HK$46.17
| Remark: | Real time quote last updated: 24/09/2024 17:59 |
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