[ET Net News Agency, 9 March 2021] J.P. Morgan slashed its target price for China
Aoyuan Group (03883) to HK$11.5 from HK$13 and maintained its "overweight" rating.
Rooted in the Greater Bay Area (GBA) and aggressively expanding nationwide, Aoyuan is
entering a multi-year earnings breakout, the research house believes.
JPM thinks it offers one of the strongest growth profiles among Chinese developers, with
a 31% earnings CAGR (2019-22). (KL)