According to news on June 21, Evergrande Property rose more than 6% and is now quoted at HK $8.72. JPMorgan Chase rated Evergrande Property as outperforming the market for the first time and gave a target price of HK $13. JPMorgan Chase recently released a research report, giving Evergrande Property (06666) an "outperform" rating with a target price of HK $13. JPMorgan Chase believes that Evergrande Property is one of the top three property management companies in China, supported by Evergrande Group (03333; China's top three developers by sales), with an outperform rating and a target price of HK $13, which is equivalent to 25 times the 12-month estimated P/E, compared with other peers with large market capitalization (> 45...
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