UBS lowered Vanke a target price to 16 yuan employee turnover will be

UBS cut Vanke A target price to 16 yuan turnover rate will be higher hot column capital flows thousands of thousands of stocks the latest Rating Rating diagnosis simulated trading client sina finance App: Live on-line blogger to guide your entries as you earn take can make you my source: surging news reporter Li Xiaoqing surging international investment bank UBS (UBS) report released in October 13th, the Vanke A (000002.SZ) rating from neutral down to sell, target price from 19.9 yuan to 16 yuan stock shares. UBS believes that the current valuation of Vanke A has been much higher than the historical average and industry level, at the same time, Vanke faces downside risks and higher employee turnover. UBS reported that Vanke A’s share price rose more than 75% since July 2015, rising share prices contributed to a sharp increase in valuation. In addition, the differences between shareholders and the Shenzhen railway project has not yet been resolved, on the other hand, the tense relationship between the parties has affected the ability of Vanke to set up joint ventures. In terms of land reserves, UBS said that as of now, Vanke spent a total of 101 billion 400 million yuan in the purchase of land. In recent years, Vanke has been active in the purchase of land, and 70% of the project to take cooperation model. But from late June to early August this year, Vanke partner or modify the terms of the project cooperation, or consider further cooperation. UBS believes that if the relationship between Vanke’s management and shareholders can not be resolved in a timely manner, then the company’s project development may adversely affect. As of now, the treasure Department of 25.40% stake, Huarun group holding 15.29%, 6.82% stake in Hengda department, Ampang Holdings 6.18%. In terms of sales, Vanke 2016 annual sales target of 300 billion. According to Vanke October 9th announcement shows that in the first half of September the total sales amount of 262 billion 900 million yuan, an increase of 45.68%; sales area of 19 million 921 thousand square meters, an increase of 38.35%. UBS believes that the existing supply of resources under the restructuring of Vanke, Vanke to achieve the annual sales target of 300 billion is no problem. Currently the largest shareholder of the third largest shareholder in the first three quarters of the contract sales amount of about $280 billion 580 million, ranking first in the industry, more than vanke. As of October 14th closing, Vanke A share price of 26.84 yuan, the company’s total market capitalization of $299 billion 291 million. Enter the Sina financial stocks] discussion相关的主题文章: