In a report released yesterday, from Huatai Securities maintained a Buy rating on China Overseas Land & Investment, with a price target of HK$18.54. The company’s shares closed last Thursday at HK$13.82.
In addition to Huatai Securities, China Overseas Land & Investment also received a Buy from Goldman Sachs’s Yi Wang in a report issued on August 26. However, on the same day, Morgan Stanley maintained a Hold rating on China Overseas Land & Investment (Other OTC: CAOVF).
Based on China Overseas Land & Investment’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of HK$84.84 billion and a net profit of HK$4.09 billion. In comparison, last year the company earned a revenue of HK$100.88 billion and had a net profit of HK$5.42 billion
