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Aug 21st
Sector News > Real Estate > UBS Downgrades Company to 'Neutral' Rating

04

Jul

UBS Downgrades Company to 'Neutral' Rating Print E-mail

(000002) CHINA VANKE CO., LTD

UBS stated that it will downgrade the company from a 'Buy' rating to a 'Neutral' rating due to the fact that the company's stock has cumulatively increased by 25% and it has outperformed 50% of the Morgan Stanley index in the Hong Kong market, with only a 5% potential increase when compared with its target price. However, UBS has increased the target price of the company's stock from HKD 68 per share to HKD 70 per share. In addition, it has reduced the company's EPS estimate from HKD 3.91 to HKD 3.59 for 2008, from HKD 3.23 to HKD 2.94 for 2009 and from HKD 3.38 to HKD 3.09 for 2010.
Source: www.aastocks.com
Date: 4 Jul 2008
CN01/BG/MZ/BT/KM

Newsnchina.com
 
 

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2008 Semiannual Report Financial Highlights

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Total assets: RMB 1,596,141,337          
Shareholders' equity: RMB 1,278,752,482