Property News · February 6, 2018

Chinese property developers’ stocks could gain as much as 40 per cent this year, Nomura says


Shares in Chinese property developers listed in Hong Kong, including major players China Vanke and Evergrande, have room to rise as much as 40 per cent this year, driven by better profitability and increased market share, even though overall sales are likely to decline, according to investment bank Nomura.
National sales volume is expected to fall 5 per cent this year, but big developers can weather sales falls more easily because they can tap bank loans and capital market, meaning they can…

Source : South China Morning Post
Read more…Chinese property developers’ stocks could gain as much as 40 per cent this year, Nomura says

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