[ET Net News Agency, 8 February 2021] DBS Group Research initiated coverage on Sunac
China Holdings (01918) with a "buy" rating and a target price of HK$46.5.
The research house said strong land acquisition capability in the past few years has
enabled Sunac to accumulate Rmb2.2tr of unsold saleable resources as of mid-2020, of which
80% are in tier 1/2 cities and unbooked revenue of Rmb850bn.
With Sunac's strong determination to deleverage, DBS believes the company will
accelerate project deliveries and selectively slow its land acquisitions pace, thus
entering a high-quality growth phase with core earnings grows at 10% CAGR in 2020-2022.
(KL)
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01918 SUNAC
Nominal 
0.950 -0.010 (-1.042%) Research Report
08/02/2021 17:51
{I-bank focus}DBS starts Sunac China (01918) at HK$46.5
| Remark: | Real time quote last updated: 23/04/2024 17:59 |
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