Jefferies maintained an underperforming market rating for Hengsheng Real Estate (0845.HK), with a target price of HK$0.90. Zhang Zhirong, chairman of Hengsheng Real Estate, also resigned as chairman of China Rongsheng Heavy Industries (1101.HK). Jefferies Investment Bank said that although Hengsheng Real Estate's management promised that the operating strategy should remain unchanged and Zhang Zhirong will not reduce his holdings in the company, the bank believes that apart from the worsening debt structure and the slowdown in pre-sales, the uncertainty facing the company is also increasing.
杰富瑞维持恒盛地产(0845.HK)跑输大市评级，目标价0.90港元
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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