not vested
<Research Report>G Sachs: FUTURE LAND (01030.HK) Plummets after Chair Scandal Exposed; Rated Buy
FUTURE LAND (01030.HK) Chairman Wang Zhenhua, holding about 70% stake in the company, is being probed for illegal conduct. Unfamiliar with the situation, however, Goldman Sachs noted downside in FUTURE LAND's price. Having fallen 24% yesterday, FUTURE LAND's price represents a 55% discount to the end-2019E NAV.
Given robust pre-sales growth momentum and faster mall rental growth, FUTURE LAND was rated Buy at a $12.4 target.
Source: aastocks.com
AAStocks Financial News
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