Shimao ( 0813.HK) 2018 Final Result:
Net Profit ( 2018) rose 13%
2018 Sales Target : RMB 140 Bil
2018 Contracted Sales : RMB 176 Bil
2018 Reported ( Recognised ) Revenue : RMB 85 Bil.
2018 EPS : RMB 2.64 ( 2017 EPS : RMB 2.32 )
2019 Sales Target : RMB 210 Bil
2020 Target SharePrice :
Goldman Sachs : $30 ( Buy)
Morgan Stanley : $27.52 ( overweight )
JP Morgan : $28.50 ( overweight)
Citigroup : $26.80 ( Buy )
Credit Suisse : $28.30 ( Buy )
Todays Price ( 28 Mar 2019 ) : $23.85
It seems to me the "contracted sales figures" are overstated by on-site sales teams .
Net Profit ( 2018) rose 13%
2018 Sales Target : RMB 140 Bil
2018 Contracted Sales : RMB 176 Bil
2018 Reported ( Recognised ) Revenue : RMB 85 Bil.
2018 EPS : RMB 2.64 ( 2017 EPS : RMB 2.32 )
2019 Sales Target : RMB 210 Bil
2020 Target SharePrice :
Goldman Sachs : $30 ( Buy)
Morgan Stanley : $27.52 ( overweight )
JP Morgan : $28.50 ( overweight)
Citigroup : $26.80 ( Buy )
Credit Suisse : $28.30 ( Buy )
Todays Price ( 28 Mar 2019 ) : $23.85
It seems to me the "contracted sales figures" are overstated by on-site sales teams .