Debao Property started at Buy by UOB-KH with $0.37 target

Posted by property | Posted in Real Estate | Posted on 03-07-2010-05-2008

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Debao Property started at Buy by UOB-KH with .37 target
UOB KayHian has started Debao Property Development (K2M.SG) at Buy with .37 target price, based on 40% discount to NAV estimate, according to Dow Jones. UOB KayHian says China-based developer not as vulnerable to Beijing’s property-market cooling measures as most other developers as its key market is Foshan, where housing market remains resilient and mortgage policies less strict. Read more…
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