Sunday, March 4, 2012

tor credits but actual sales shrank by more than half of the year. "When the first half of last yea

129742939291406250_223High profile SOHO China announced sales in 2012 goals, was met with a collective questioning of the institution. On February 8, SOHO China Limited (SOHO China, 0410.HK) floated the idea of company's sales target for $ 23 billion for 2012. But a day later, Goldman Sachs issued a research report, SOHO China is expected this year, contracts of saleAmount up to $ 11.7 billion. On February 10, UBS also reported, SOHO China 2012 is expected annual sales of $ 16.6 billion. Due to bearish SOHO China sales swtor credits, UBS will "buy" downgraded to "neutral". Citi Bank lowered its target price of SOHO China. Not only for the sales target of the group, more tradePeople generally believe that SOHO China also faced selling sequel tor credits, uncompleted sequel, project ownership dispute between the Bund and many other difficult issues. Billions of gaps in a project on a media conference call on February 8, SOHO China Chairman Pan shiyi and Chief Financial Officer Tang Zhengmao floated the idea of company's sales target for 2012 is $ 23 billion. 2011 year compared to actual sales of $ 10.9 billion, growth will be about 111%. In fact, the 2011 sales target is $ 23 billion of SOHO China, but actual sales shrank by more than half of the year. "When the first half of last year, we don't have a lot of resources available, no pre-launch of new projects, so somehow we missed a certain amount of time."Tang Zhengmao says," to the fourth quarter of last year, liquidity crunch in the market as a whole, have a certain impact on our sales. "For $ 23 billion annual sales goals, many organizations expressed concern. On February 9, the Goldman Sachs issued a research report pointed out that the SOHO China contract sales target this year is expected at about $ 11.7 billion. As early as December 2011Today, Goldman Sachs will SOHO China 2011 and 2012 earnings per share forecast downgrade, 52%, sales forecast lower and 35%. After Goldman SOHO China 2012 sales prospects, on February 10, UBS also reported, SOHO China 2012 sales to $ 16.6 billion, about year PINSales target 72%. UBS SOHO even before China's stock from "buy" downgraded to "neutral". On January 9, Citibank will SOHO China's target price reduced from $ 6.09 to $ 5.49, giving a neutral rating. SOHO China is inconsistent with many agencies on sales in 2012, mainly because of its lookBeijing SOHO sales divisions. SOHO China, wangjing SOHO can bring a $ 14.5 billion in sales for its contribution this year aoc gold, but Goldman Sachs expects the project or only $ 3.8 billion in sales this year. Journalists access information found, the current project of SOHO China sales: Beijing wangjing SOHO, SOHO Ka Shing Center, guanghualu SOHO,SOHO �� Shang Dou, towards the outer SOHO, Dan Leng SOHO, Shanghai Zhongshan square, SOHO, a total of 7. According to Tang Zhengmao revealed that project of SOHO China hands holding a certificate of advance resources amounting to $ 24 billion, amounted to more than $ 30 billion for the year. He said sales this year will be the main sources of wangjing Shanghai Zhongshan square, SOHO and SOHO.But if the wangjing SOHO SOHO 2012 sales target in China for more than half of delay in completion of the established sales, will have a big influence for SOHO China. In 2012, the SOHO China plans to spend about $ 10 billion in acquisitions of land and projects, plus project construction cost of around $ 4 billion in 2011 and the purchased itemOr land extension down to about $ 4 billion worth of spending, not counting the related total expenditure of about $ 18 billion worth of taxes and fees. Online statement Gold: gold online reprint of the above content, does not indicate that confirm the description, for investors ' reference only and does not constitute investment advice. Investor operations accordingly, at your own risk.

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