According to the Daiwa report, South China City (01668.HK) is transforming its business by adding a new e-commerce and logistics platform on top of the traditional commodity trading center through cooperation with Tencent (0700.HK). Furthermore, the bank believes that the commodity trading center business in South China City will not be affected by China's measures to cool the housing property market, and is in line with the trend of urbanization moving the wholesale market. Group contract revenue is forecast to grow 29%-32% year-on-year in 2015-17. The bank gave it the first “buy” rating, with a target price of 6.3 yuan, indicating that the current price was seriously underestimated and regarded as the first choice among Chinese industrial and logistics companies.
大和首予华南城买入评级 目标价6.3元
The translation is provided by third-party software.
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.