Institutions pessimistic about SOHO China's 2012 target
Updated: 2012-02-14 16:31
(chinadaily.com.cn)
|
|||||||||||
Financial institutions are pessimistic about SOHO China's outlook this year, even as the company plans to boost its sales by 111 percent year-on-year, the National Business Daily reported Tuesday.
SOHO China set its 2012 sales target at 23 billion yuan ($3.65 billion), which would be a growth of 111 percent from last year's 10.9 billion yuan.
Goldman Sachs predicted in its Feb 9 research that the property developer's sales would come to only 11.7 billion yuan, and it kept a neutral rating on SOHO China.
UBS downgraded the Hong Kong-listed company from "buy" to "neutral", adding that it would only realize sales of 16.6 billion yuan this year.
SOHO China's January sales were 70 million yuan, according to the paper.
Its contracted sales of 10.9 billion yuan in 2011 was almost half of its sales target of 20 billion yuan set that year, the paper said.
Related Stories
SOHO purchases Shanghai project 2011-12-30 07:37
Soho China expects double sales growth 2012-02-09 08:41
Soho China to increase bank loan 2011-06-24 13:17
Soho China sees property curbs to end in 6 months 2011-09-28 16:05
Today's Top News
President Xi confident in recovery from quake
H7N9 update: 104 cases, 21 deaths
Telecom workers restore links
Coal mine blast kills 18 in Jilin
Intl scholarship puts China on the map
More bird flu patients discharged
Gold loses sheen, but still a safe bet
US 'turns blind eye to human rights'
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
All-out efforts to save lives |
Liaoning: China's oceangoing giant |
Poultry industry under pressure |
'Spring' in the air for NGOs? |
Boy set to drive Chinese golf |
Latest technology gets people talking |