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<Research>M Stanley Ratings, TPs on HK Developers (Table)
Recommend
18
Positive
28
Negative
11
Shares | Ratings | Target prices (HK$)

HENDERSON LAND(00012.HK) | Equalweight -> Overweight | 26.5 -> 31
SINO LAND(00083.HK) | Overweight -> Equalweight | 9 -> 8.6
SHK PPT(00016.HK) | Overweight | 92 -> 102.3
CK ASSET(01113.HK) | Equalweight | 36 -> 38
NEW WORLD DEV(00017.HK) | Underweight | 6.5 -> 4.2

Related NewsJPM: 34% of HK Homebuilders Classified as High-risk Names; HIBOR Expected to Gradually Rise to 2-3%
KERRY PPT(00683.HK) | Equalweight | 16 -> 17.8
WHARF HOLDINGS(00004.HK) | Underweight | 18 -> 18.4
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