According to a report published by Xiaomo, Kerry Construction's (25.65, -0.40,-1.54%) (00683) project sales rate forecast in Hong Kong and the Mainland was lowered mainly due to weakening confidence in the Hong Kong market and changes in the mainland sales schedule, which also fell 9.6% in 2020 and 2021. The target price also fell by 9.5% and 8.3% in 2020 and 2021. The target price fell 6.6% accordingly, from HK$41.1 to HK$38.4, maintaining the “increase in holdings” rating.
嘉里建设(00683.HK)：目标价降至38.4港元 维持增持评级
Kerry Properties (00683.HK): Target price dropped to HK$38.4 to maintain the increase in holdings rating
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