KERRY PROPERTIES (683.HK) : OW: MORE HAPPENINGS IN CHINA
汇丰银行(中国)有限公司2013-08-22
Solid momentum in China shown by y-o-y growth in contracted and recognized sales, Jing An KC opening Solid book NAV growth drives P/B to 23% below average but net gearing rose to 36% Adjust target price to HKD46 (from HKD47), maintain Overweight rating