[ET Net News Agency, 27 August 2021] HSBC Global Research lowered its target price for
CIFI Holdings (00884) to HK$7.3 from HK$7.7 and maintained its "buy" rating.
The research house said key downside risks are overly aggressive landbank acquisitions;
joint venture project liabilities; slower-than-expected contracted sales growth; increases
in leverage; margin pressure; and uncertainties over macroeconomic and property-specific
policies. (RC)