vested
<Research Report>Citi Maintains CK PROPERTY(01113.HK) at Buy with Target Cut to $81.6
Citigroup said in a report that CK PROPERTY(01113.HK)'s valuation is attractive with three positive catalysts including
1. upside potential from asset enhancement which is mainly from redevelopment or disposals of the old Hutch IP portfolio, such as Hutchison House, Whampoa shopping mall and Aberdeen Centre;
2. China property sales rebounding; and
3. continuous strong launch property sales in Hong Kong.
Nevertheless, CK Property's rating was kept unchanged at Buy.
The target price was cut from $83.3 to $81.6.
Source: AAStocks Financial News
Web Site: www.aastocks.co