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Powerlong Real Estate downgraded to Neutral from Buy at Goldman Sachs » 05:41

Powerlong Real Estate



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.

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