Dahua also gave Minmetals Construction (0230.HK) a purchase rating for the first time, with a target price of HK$3.82. The reason is that the company quickly transformed into a promising state-owned real estate stock; it believes that Minmetals has the greatest potential for growth in expanding land reserves and asset appreciation with the support of parent company asset injections. Minmetals Construction suspended trading this morning; according to people familiar with the matter revealed to the Dow Jones News Agency, Minmetals Construction plans to issue shares to raise no more than 120 million US dollars to fund land purchases and real estate development projects. The pre-suspension price for Minmetals Construction was HK$2.82.
大华首予五矿建设(0230.HK)买入评级，看3.82港元
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This page is machine-translated. Futubull tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation.