HONG KONG, Oct 20, 2021 - (ACN Newswire via SEAPRWire.com) - BNP Morningstar initiated coverage of Central China Management (9982.HK) with "BUY" rating and set its target price at HKD 3.92 per share for the following reasons:Project management services for the real estate sector have taken off recently in China, driven by rising land costs and increasing competition that sees small and midsize developers seek the services of project managers with established brands to help derive higher returns on their projects. According to the research report, Central China Management Company, as a leading project manager in China with a strong presence in Henan province, is expected to benefit from industry growth of 23% over the next five years.The Bank also expects that as the industry expands, there will be more spin-offs of project management units by smaller national and larger regional real estate developers given the attractive profitability. With the new entrants, the market share of leading companies' such as CCMGT should remain high over the next five years.BNP Morningstar is of the view that CCMGT can be regarded as a more defensive proxy to China's real estate growth given its asset...

HONG KONG, Oct 20, 2021 - (ACN Newswire via SEAPRWire.com) - BNP Morningstar initiated coverage of Central China Management (9982.HK) with "BUY" rating and set its target price at HKD 3.92 per share for the following reasons:Project management services for the real estate sector have taken off recently in China, driven by rising land costs and increasing competition that sees small and midsize developers seek the services of project managers with established brands to help derive higher returns on their projects. According to the research report, Central China Management Company, as a leading project manager in China with a strong presence in Henan province, is expected to benefit from industry growth of 23% over the next five years.The Bank also expects that as the industry expands, there will be more spin-offs of project management units by smaller national and larger regional real estate developers given the attractive profitability. With the new entrants, the market share of leading companies' such as CCMGT should remain high over the next five years.BNP Morningstar is of the view that CCMGT can be regarded as a more defensive proxy to China's real estate growth given its asset...

HONG KONG, Oct 20, 2021 - (ACN Newswire via SEAPRWire.com) - BNP Morningstar initiated coverage of Central China Management (9982) with "BUY" rating and set its target price at HKD 3.92 per share for the following reasons:Project management services for the real estate sector have taken off recently in China, driven by rising land costs and increasing competition that sees small and midsize developers seek the services of project managers with established brands to help derive higher returns on their projects. According to the research report, Central China Management Company, as a leading project manager in China with a strong presence in Henan province, is expected to benefit from industry growth of 23% over the next five years.The Bank also expects that as the industry expands, there will be more spin-offs of project management units by smaller national and larger regional real estate developers given the attractive profitability. With the new entrants, the market share of leading companies' such as CCMGT should remain high over the next five years.BNP Morningstar is of the view that CCMGT can be regarded as a more defensive proxy to China's real estate growth given its asset-li...