高盛 亚太午间信息集萃.pdfVIP

Asia-Pacific Afternoon Summary February 22, 2010 The Goldman Sachs Group, Inc. Focus Items This document contains comments related to the following stocks: China: Real Estate Developers: Reshuffling picks on new risk/reward analysis 1 amid tightening Agile Property Holdings (3383.HK) Hanjin Shipping (117930.KS) Buy: Profitability on the horizon; initiate with a Buy 2 Allgreen Properties (AGRN.SI) rating Ascendas Real Estate Investment Trust (AEMN.SI) Hyundai Department Store (069960.KS) Buy: Strong improvement in cash returns 3 CapitaCommercial Trust (CACT.SI) not being priced-in; U/G to Buy CapitaLand (CATL.SI) Woongjin Coway (021240.KS) Buy: Concerns over new business excessive in our CapitaMall Trust (CMLT.SI) 4 view; Keep Conv. Buy CDL Hospitality Trusts (CDLT.SI) China Everbright (0165.HK) Shanda Games Limited (GAME): Off CL on lack of near-term catalysts; maintain China Merchants Property (A) Buy 5 (000024.SZ) China Overseas Land (0688.HK) China Resources Land (1109.HK) Key Data Changes China Vanke (A) (000002.SZ) China Vanke (B) (200002.SZ) Investment List Additions China World Trade Center Investment L