Equity Analysis /
Hong Kong

HK : Sino Land Co Ltd - Frequent new primary launches

    Raymond Cheng
    Raymond Cheng

    Head of Hong Kong Research

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    Steven MAK
    Will Chu
    CGS-CIMB
    21 June 2022
    Published byCGS-CIMB

    During the virtual conference, Sino said that it is launching Villa Garda in Lohas Park after upbeat sales performance at Grand Mayfair I and II. Management is keen to replenish land in HK and the Greater Bay Area. Management is committed to sustainable growth in DPS (50-60% payout based on our records). We reiterate our Add call with a TP of HK$12.1.