[ET Net News Agency, 13 January 2021] UBS Global Research lowered its target price for
China Overseas Land & Investment (COLI) (00688) to HK$22.7 from HK$35.7 and maintained its
"buy" rating.
Although COLI's earnings growth lags most peers, the research house still likes the
company's strong balance sheet, which should allow it to sustain contract sales growth,
while most companies of similar size may need to slow down or face deleveraging.
Also, the company has announced a new batch of incentive schemes, which would be
positive for its future growth, UBS added. (KL)