CLSA maintained its 01668-HK sell rating, lowering its target price from 1.61 yuan to 1.40 yuan. The bank believes that the South China City business is not out of trouble, short-term sales show no signs of improvement, and cut its sales forecast for 2017 by only 8.8 billion yuan.
里昂证券维持华南城(01668-HK)沽售评级，目标价降至1.4元
CLSA maintains 01668-HK sell rating, lowering its target price to 1.40 yuan
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