Goldman Sachs raised its target price for New World Development (NWD)(00017) to HK$10.1 from HK$9.85, and maintained its "neutral" rating.
The research house thinks NWD may take a breath in sales in the near term pending the next key launch of Mount Pavilia, attributable 428 units in Sai Kung after strong HK sales in the past two months (HK$6bn mainly from Pavilia Bay in Tsuen Wan).
Goldman revised FY2017-19 EPS up to 3.8% on latest HK price/rental growth assumptions.
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