Deutsche Bank Raises Franshion Properties Rating to Buy

From: China Securities Journal

Deutsche Bank adjusted the rating of Franshion Properties (0817.HK), the stock of a Chinese funded property developer, from hold to buy and adjusted the target price from HKD 3.45 to HKD 3.60.

Deutsche Bank held that the commercial property market is the sector influenced the least by the government s strict housing price control. The bank claimed that, thanks to the support from the powerful parent company and the experienced management team, Franshion Properties is well prepared for opportunities of commercial property growth in the Chinese mainland. Deutsche Bank observed that the recent sluggish performance of the stock provides investors with a good opportunity to buy a defensive stock.