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C Suisse Broadly Lifts Target Prices on Developers; Farmland Conversion Expected to Accelerate

 Credit Suisse, in its report, said farmland conversion will be one of the key developments of future Starter Homes program, and is expected to shore up the NAV of property developers by 2.6%-4%. The research house anticipated that more farmland conversion news is upcoming. 
The research house raised HENDERSON LAND (00012.HK)  +1.200 (+2.277%)    Short selling $31.56M; Ratio 13.211%   's target price to $54.7; SHK PPT (00016.HK)  +0.100 (+0.074%)    Short selling $47.48M; Ratio 10.105%   's target price to $136.3 with rating upgraded to Neutral; WHEELOCK (00020.HK)  +0.150 (+0.262%)    Short selling $863.50K; Ratio 1.600%   's to $52.2 with rating of Underperform owing to least farmland reserves; KERRY PPT (00683.HK)  +0.300 (+0.948%)    Short selling $2.27M; Ratio 3.707%   's to $28.9 and SINO LAND (00083.HK)  +0.080 (+0.576%)    Short selling $13.94M; Ratio 19.816%   to $14.6

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