Stock Name: TCT
Company Name: TREASURY CHINA TRUST
SIAS Research in a July 6 research report says: "Treasury China Trust (TCT) announced the completion of the acquisition of Huai Hai Mall. The acquisition settlement is largely the same as the February SGX announcement - final settlement price of RMB574.1 million versus February's RMB575 million.
"We conservatively project this asset to generate RMB34.3 million gross revenue for TCT in FY2015F, forming 2.5% of the total FY2015F gross revenue.
"Consequently, we revised our intrinsic value from $2.21 to $2.30. TCT is likely to proceed with more projects going forward, probably in the first tier and second tier cities' retail space. MAINTAIN INVEST."
Company Name: TREASURY CHINA TRUST
| Research House: SIAS | Price Call: BUY | Target Price: 2.30 |
SIAS Research in a July 6 research report says: "Treasury China Trust (TCT) announced the completion of the acquisition of Huai Hai Mall. The acquisition settlement is largely the same as the February SGX announcement - final settlement price of RMB574.1 million versus February's RMB575 million.
"We conservatively project this asset to generate RMB34.3 million gross revenue for TCT in FY2015F, forming 2.5% of the total FY2015F gross revenue.
"Consequently, we revised our intrinsic value from $2.21 to $2.30. TCT is likely to proceed with more projects going forward, probably in the first tier and second tier cities' retail space. MAINTAIN INVEST."
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