UBS: Optimistic about the sales of Kerry Properties' Jinling Huating Phase II, reiterates "Buy" rating.

date
11/09/2025
According to the Securities Times app, UBS released a research report stating that Kerry Properties (00683.HK) will first launch 120 units in the second phase of its Shanghai residential project Jinling Huating, with an expected average selling price of RMB 20,500 per square meter, an 8% increase from the first phase sold in March. Kerry Properties expects the total value of the 120 units to reach RMB 9.8 billion. The bank reiterated its "buy" rating on the company with a target price of HKD 24.
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