The Zhitong Finance App learned that CICC released a report saying that the current valuation of Sunac China (01918) is still low, and the company's sales and profit compound growth rates are expected to reach 20% and 25-30% respectively in 2019-2020. The bank raised the company's target price by 9% to HK$57, reaffirming its “outperforming industry” investment rating. As of press release, Sunac China rose 2.89% to HK$44.5 million, with a turnover of HK$429 million.

The bank believes that the company can maintain high-quality sales growth in the future, reduce leverage is progressing smoothly, and future financing costs may drop.