Institutions pessimistic about SOHO China's 2012 target
Updated: 2012-02-14 16:31
(chinadaily.com.cn)
|
|||||||||
Financial institutions are pessimistic about SOHO China's outlook this year, even as the company plans to boost its sales by 111 percent year-on-year, the National Business Daily reported Tuesday.
SOHO China set its 2012 sales target at 23 billion yuan ($3.65 billion), which would be a growth of 111 percent from last year's 10.9 billion yuan.
Goldman Sachs predicted in its Feb 9 research that the property developer's sales would come to only 11.7 billion yuan, and it kept a neutral rating on SOHO China.
UBS downgraded the Hong Kong-listed company from "buy" to "neutral", adding that it would only realize sales of 16.6 billion yuan this year.
SOHO China's January sales were 70 million yuan, according to the paper.
Its contracted sales of 10.9 billion yuan in 2011 was almost half of its sales target of 20 billion yuan set that year, the paper said.
Related Stories
SOHO purchases Shanghai project 2011-12-30 07:37
Soho China expects double sales growth 2012-02-09 08:41
Soho China to increase bank loan 2011-06-24 13:17
Soho China sees property curbs to end in 6 months 2011-09-28 16:05
- Stats go straight to national database
- Biological industry development plan got
- Factory caught using child labor
- VC, PE firms show appetite for food industry
- China's economy to see soft landing
- China invests 5.5b yuan in rural clean-up
- Experts: Lower provision rule not necessary
- Xi stresses benefits of Sino-US relations
