In today’s briefing:
- COLI 688 HK – Value Emerging, the Only Pure Play in China Prop to Gain Mkt Share and Back to Growth
COLI 688 HK – Value Emerging, the Only Pure Play in China Prop to Gain Mkt Share and Back to Growth
- In this insight, we explore the investment thesis and major share price drivers for 688 HK
- COLI saw share price weakness, and is trading at 0.46x P/B. Potential risks are 1) fail to meet 20% growth target 2) slower than expected land acquisition
- We see value emerging from the stock, and recommend BUY as long as the stock trades below HKD20 (as a technical indicator)
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