Deutsche Bank said it will maintain the rating of Jianye Real Estate (0832.HK) as a purchase, with a target price of HK$4.05. According to Deutsche Bank, Jianye Real Estate's strong sales data (108% of the 2011 fiscal year sales target from January to November this year) reflects the management's old market insight and strong execution. The bank said that as a major developer located in Henan (the province has fewer cities affected by purchase restrictions and the urbanization process is on the rise), sales of Jianye Real Estate are expected to remain strong in December 2011 and beyond 2012. The stock closed at HK$1.71 on a full day.
德银：建业地产(0832.HK)将继续实现强劲的销售增长
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