汇丰银行-xx房地产-china real estate：us investor feedback：maintaining optimism-20170718-hsbc.pdfVIP

18 July 2017   China Real Estate EQUITIES REAL ESTATE US investor feedback: Maintaining optimism China  Expectation of strong interim-17 earnings momentum Michelle Kwok* Head of Real Estate Research, ASP underpins investor interest in the sector The Hongkong and Shanghai Banking Corporation Limited michellekwok@.hk Key concern is on risk of share placement given developers’ +852 2996 6918 strong share price performance YTD Albert Tam* Associate The Hongkong and Shanghai Banking Corporation Limited  Shimao (813HK, HKD14.4, Buy, TP HKD18.50), and COLI albert.p.h.tam@.hk +852 2822 4395 (688HK, HKD25.60, Buy, TP HKD29.50) present the most Simon Sin* upside to our TP; Our conviction stock Longfor (960 HK,