Deutsche Bank issued a research report that after Minmetals Construction Co., Ltd. and Vanke bought some land in Hebei Province for 384 million yuan, Deutsche Bank reiterated its "buy" investment rating and raised its target price from 2.07 yuan to 2.13 yuan. this is equivalent to a 25% discount to the net asset value of 2.83 yuan per share, which refers to the attractive current price valuation (46% discount to the net asset value per share), which has reflected the 15-25% decline in property prices between May and the future.

Deutsche Bank points to the dual growth of Minmetals Construction in the future, which can not only be injected directly into high-quality assets by the parent company, but also have the ability to directly invest land in the market to increase land reserves.

Deutsche Bank estimates that Minmetals's earnings per share are forecast to be 0.09 yuan and 0.15 yuan respectively from 2010 to 2010, with annual growth of 19.5% and 61.5%, respectively.

Minmetals Construction closed at HK $1.61.