ChinaFortuneLandDevelopment:Stableresidentialsales,higherASP;greaterefforttogaininvestmentfromservicesector分享Weestimate2016salesatRmb89bn,up23%YoY.Weexpectgrowthinthecompany'ssalesGFAtoslow,andestimate2016salesgrossfloorarea(GFA)at8msqm(+3.8%YoY).However,welookforanaveragesellingprice(ASP)ofRmb9,375/sqm,helpedbyhigherpricesincitiesnearBeijing,andfullyearresidentialsale...
EyeonChinaConsumers–MNCViewSeries114:P&GFY16organicsalesdown;HugoBosssawASPdeclineoffsetbyvolumegrowth分享P&GFY16organicsalesdown,butquarterresultssequentiallyimproved.P&G(coveredbyJPManalystSofyaTsinis)releasedits4Q16andFY16(12monthsendedJun-16)resultsonAug2,2016.FY16organicsalesinChinaweredown5%,buteachquarterimprovedsequentially,with4Q16stayingflat...