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China Aoyuan Property – Targeting RMB 100 bn of sales by 2020

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January 15, 2018

Positive profit alert for 2017, at least up 75% YoY; Looking forward, the company has strong confidence and targets a RMB 50-60bn of contracted sales in 2018 and RMB 70-80bn of contracted sales in 2019. Reiterate Buy and price target of HK$6.94

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