Deutsche Bank cut letters and home to hold rating target price of 14.1 yuan verbal jint

Deutsche Bank: cut letters and home to hold rating target price of 14.1 yuan Sina App: Live on-line blogger to guide Sina Hong Kong APP: real time market exclusive reference stocks also worth the investment? What’s the problem? Where is the future of the way out? Sina launched the "Hong Kong Hong Kong stocks as well as unattractive" discussion, with a rational and constructive attitude, welcome attention to Hong Kong stocks, concern of the capital market, Hong Kong stocks together for suggestions, seek the Hong Kong stock market tomorrow. Please to hkstock_biz@sina. Deutsche Bank said in a report, and their letter (00083.HK) with lots of cash, in the first half of this year, cash holdings increased to 23 billion yuan, or predict the net asset value (NAV) 19%. The bank estimates letter to maintain high dividend policy. The bank decided to raise the target price of the letter set by 13.45 yuan raised to $14.1. Rating from ‘buy’ to ‘hold’. The bank said the letter price equal to the net asset value per share (NAV) 32% discount, the dividend rate 3.7 per cent and 2017 year forecast PBR 0.7 times, a reasonable level. Due to reduced uncompleted sales forecast, the bank lowered the letter 2017 to 2018 fiscal year earnings forecast of 8% to 15%. The other bank material letter in fiscal year 2017 core earnings fell 4% year-on-year to 5 billion 122 million yuan (5 billion 597 million yuan from the downward revision). The prices are expected to fall in future, rental property investment down, make development project margin narrowed, Deutsche Bank letter set 2018 fiscal year core earnings fell 4% yoy to 4 billion 902 million yuan. Deutsche Bank in Hong Kong residential property prices rise expected up to 5% (for a full year, flat) and core commercial street rents fell 5% (year respectively and flat down 5%). (both) to enter the Sina financial stocks] discussion相关的主题文章: