|Over a month ago|
Powerlong Real Estate downgraded to Neutral from Buy at Goldman Sachs » 05:4107/0507/05/22
Goldman Sachs analyst Yi…
Goldman Sachs analyst Yi Wang downgraded Powerlong Real Estate to Neutral from Buy with a price target of HK$1.60, down from HK$3.30. The analyst sees a weaker growth outlook amid a lower booking pace and reduced rental income as well as increasing liquidity pressure.