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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.

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