CICC slashed Country Garden Services’ 2023 net profit by 89%, target price by 19%after impairment provisions >>>
Citi keeps Macau’s Dec GGR forecast at MOP17.5 bn, expects GGR in Christmas & New Year to expedite >>>
China has condition to achieve 5% growth in 2024, has room to step up fiscal policy – PBOC advisor >>>
Latest data shows no signs of improvement in China’s property sales, sales weakened further in Nov despite low base – JPMorgan >>>
China’s new home sales flattened out on year last week; gradual release of phased sell-off pressure on property developers lead to trading opportunities – CICC >>>
Country Garden Services’ impairment announcement consolidated market concerns, expected to write down almost all receivables from Country Garden – JPMorgan
Country Garden Services’ annual dividend expected to be zero as impairment makes up 75% – 96% of net profit forecast – UBS >>>
Country Garden Services’ impairment provision in line with expectations, more impairments expected in coming years – Morgan Stanley >>>
