Dahua Jixian initially rated Hengsheng Real Estate (0845.HK) as a buy, with a target price of HK$1.67. The bank said it expects that Hengsheng Real Estate contract sales may rebound this year, and believes that the market is too concerned about the company's short-term debt repayment issues. The bank added that if Hengsheng Real Estate boosts sales through large-scale price cuts, low-cost and high-quality land reserves should ease the downward pressure on profit margins. The stock closed yesterday at HK$1.22.
大华首予恒盛地产(0845.HK)买进评级，目标1.67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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