Daiwa lowered the target price of Hengsheng Real Estate (0845.HK) from HK$2.90 to HK$2.20, lowering the company's profit forecast for the 2012-13 fiscal year by 4.1%-12.2% to reflect the lowered Chinese housing price expectations. Yamato said that the short-term debt held by the company in the first half of this year was RMB 9 billion, and the market seems to be worried about this. Hengsheng Real Estate has repaid or deferred a debt of RMB 2.5 billion. However, the bank maintained the stock's buying rating because the stock has fallen 55% since August 1, and the decline has been excessive. Daiwa believes that the current stock price of this stock has overabsorbed the company's possible liquidity problems, and Yamato believes that the company has no liquidity problems. The stock closed at HK$1.07 for the full day.