China Overseas Property hits all-time high; Daiwa ups target price

China Overseas Property Holdings

26/03/2019 06:18

** Shares of real estate management service provider China
Overseas Property Holdings Ltd  2669.HK  rise as much as 3.5 pct
to an all-time high at HK$3.59
    ** Stock is on track for the fifth session of gains 
    ** Daiwa reiterates "buy" on the stock and raises target
price to HK$4 from HK$3.1, saying gross margin likely to recover
in 2019 and expects accelerating growth for property management
business 
    ** The Hong Kong Hang Seng sub-index tracking property firms
 .HSNP  eases 0.01 pct, and the Hang Seng China enterprises
index  .HSCE  slides 0.3 pct 
    ** As of last close, the stock had risen 51.5 pct so far
this year
    ** China Overseas Property has outperformed the Hang Seng
Commerce & Industry Index sector  .HSNC  by 19.6 percentage
points in the past one month


 ((Reuters Messaging:
donny.kwok.thomsonreuters.com@reuters.net))