BNP Paribas published a report, giving Jianye Real Estate (00832-HK) a “buy” rating and target price of 2.51 yuan for the first time.

France and Pakistan issued a report on the title “King of the Booming Region: Jianye Real Estate”, which stated that the group strategically focused on the Henan market to help the group seize opportunities.

Seize the region's strong economic growth momentum.

The report said that as a leading developer in Henan Province, it also benefited from the Group's competitive advantage in Henan and the province's strong transportation network,

Industrial migration inland, the narrowing disposable income gap with other provinces, the expansion of urbanization, and the region's healthy affordability support the healthy growth of Jianye real estate.

The bank said that in line with Zhengzhou's official cancellation of the real estate purchase restriction policy in June 2014, it will help boost the Group's sales growth.