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ChinaScope is the financial data and analytics platform for global financial professionals seeking critical quantitative and qualitative information on China. Our platform covers raw and processed data and information on companies, industries and the macro economy. We help our clients gather and... More
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  • Large Chinese Preoperty Developers Raise Housing Sales Targets For 2013 1 comment
    Mar 25, 2013 9:55 PM | about stocks: CVKEY, PHKIF, CMHHF, EGRNF, CRBJF, CRBJY, CTRYF, CTRYY, LGFRY

     

    Prepared by ChinaScope Financial | Source: Economic Information Daily
    • The Chinese regulatory bodies released the latest version of housing control policies a month ago and detailed measures will be introduced by local governments shortly; however, big players including China Vanke Co., Ltd. (000002: SHE), Poly Property Group Co., Ltd. (00119: HKG), Gemdale Corp. (600383: SHA), and China Merchants Property Development Co., Ltd. (000024: SHE) have raised their sales targets for 2013.
    • Data shows that total sales value of the top ten real estate companies including China Vanke, Poly Property Group, China Merchants Property, Gemdale Corp., Evergrande Real Estate Group Ltd. (03333: HKG), China Resources Land Ltd. (01109: HKG), Country Garden Holdings Co., Ltd. (02007: HKG), and Longfor Properties Co., Ltd. (00960: HKG) reached CNY 669 billion in 2012, with an average year-on-year growth of 25.6 percent. In addition, seven out of these ten firms have raised their 2013 sales targets by an average of 12.8 percent.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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    We would like to partner with you...

     

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    24 Jun 2013, 07:22 PM Reply Like
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