
【研究报告内容摘要】SUNACChina(1918HK,Outperform)isourconvictionbuyforthesecondhalfoftheyearbasedonitsrichpipelineofsaleableresourcesfor2H13F:RMB22.1bin3QandRMB24.4bin4Q,upfromRMB8.6bin2Q(up157%QoQ).WespenttwodaysinTianjinspeakingwiththemanagementteamatSUNACChina.TheysharedtheirviewsonthelatestpropertycontrolsinTianjin,Beijingandotherkeyregions.Wenowexpectprice...