Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>JPM Expects CN Developers' Profits to Continue to Drop, Upgrades CHINA JINMAO (00817.HK) to Overweight
Recommend 5 Positive 23 Negative 12 |
||||
|
||||
|
A number of Chinese developers and managers will announce their annual results in the coming days, JPMorgan released a research report saying. The broker believed that Chinese developers are being dragged down by shrinking profits, with average earnings expected to fall 30% YoY. JPMorgan's sector top picks include CHINA RES LAND (01109.HK), CHINA OVERSEAS (00688.HK), POLY PPT SER (06049.HK) and others, but it remained cautious on CHINA VANKE (02202.HK). The broker also upgraded CHINA JINMAO (00817.HK) from Underweight to Overweight, predicting the Group to return to a growth track. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
