Credit Suisse said in the latest research report that CHINA VANKE (02202.HK) -0.480 (-3.320%) Short selling $75.76M; Ratio 50.933% 's
3Q14 revenue rose 0.5% year-on-year to RMB20.8 billion, with GFA
delivery down 0.8% and booked average selling price up 1.1%, in line
with its expectations and the company's own delivery schedule.
The research house expected a further downside to Vanke's gross margin in 4Q14, and thus lowered the 2014 estimated revenue and EPS for the company. The target price was slightly cut from $18.6 to $18.3 and the Outperform rating was kept.
The research house expected a further downside to Vanke's gross margin in 4Q14, and thus lowered the 2014 estimated revenue and EPS for the company. The target price was slightly cut from $18.6 to $18.3 and the Outperform rating was kept.
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