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> 投资者关系 > 分析员名单
 
Year 2016Report TitleAnalyst's RecommendationCompany
12 Dec 2016Getting it right with asset-lightBUY Mizuho
16 Nov 2016Credit Opinion: Central China Real Estate Ltd.Ba3/Stable Moody's
26 Aug 2016Moody's: Central China Real Estate's ratings unaffected by lower 1H 2016 revenueBa3/Stable Moody's
24 Aug 2016Growing with an asset-light modelBUY DBS Vickers
23 Aug 2016Solid B/S; GP margin bottoming outBUY Mizuho
23 Aug 2016Margin recovery kicked in faster than our expectationsCreditBuy/CreditHold Deutsche Bank
5 Aug 2016Credit Opinion: Central China Real Estate Ltd.B+/Stable Standard & Poor's
27 Jun 2016CCRE - Investment case led by evolving strategy and favorable valuationN/A AM Capital
8 Jun 2016Moody's: CCRE High JV exposure, modest credit metrics and margin pressure key rating constrainsBa3/Stable Moody's
7 Apr 2016CCRE – Liquidity at the expense of marginsStable Standard Chartered Bank
7 Apr 2016Moody's: Central China Real Estate's 2015 results in line with expectations; margin decline a key challengeBa3/Stable Moody's
5 Apr 2016Central China Real Estate Ltd. Ratings Lowered To 'B+' Following Substantial Decline In Margins; Outlook StableB+/Stable Standard & Poor's
6 Apr 2016Credit Commentary -CCREUnderweigh Nomura
6 Apr 2016Starting to bear fruits in 2015; OW '18sOverweight JP Morgan
6 Apr 2016Asset-light model to enhance profitabilityBUY DBS Vickers
6 Apr 2016High dividend support with good potential for privatizationBUY Deutsche Bank
5 Apr 2016Move to asset-light model on trackBUY BNP Paribas
4 Apr 2016A mixed set of FY15 resultsCreditBuy/CreditHold Deutsche Bank
1 Apr 2016Central China – Effective Deleveraging despite Margin Pressure; Value even after One Notch DowngradeEQUAL-WEIGHT Morgan Stanley
14 Jan 2016More attractive than some high quality single-B credits; OW '18sOverweight JP Morgan
13 Jan 2016Access China Conference 2016 HighlightsBUY Deutsche Bank
Year 2015Report TitleAnalyst's RecommendationCompany
21 Dec 2015Consolidating the regional marketBUY DBS Vickers
16 Dec 2015Weaker FY15, Better FY16-17BUY BNP Paribas
29 Sep 2015Initiate with a BUY; a genuine urbanisation playBUY Mizuho
10 Sep 2015Central China Real Estate (CENCHI; Ba3/BB- Stable/Neg): 1H15 updateOverweight DBS Bank Ltd
7 Sep 2015Credit Opinion: Central China Real Estate LimitedBB-/Negative Standard & Poor's
4 Sep 2015Acceptable 1H15 results with strong liquidity; maintain OW '18sOverweight JP Morgan
4 Sep 2015Aiming to be a regional market consolidatorBUY DBS Vickers
4 Sep 2015Central China Real Estate's weakened credit metrics pressure its Ba3 ratingBa3/Stable Moody's
3 Sep 2015Maintain UW30%; credit rating d/g risk only partially priced inUnderweight BOA Merrill Lynch
2 Sep 2015Profitability to be more resilient with favorable land-bank vintageBUY Deutsche Bank
2 Sep 2015Good progress on earnings recoveryBUY BNP Paribas
1 Sep 2015A prelim take on interim resultsCreditHOLD Deutsche Bank
6 Aug 2015Credit Opinion: Central China Real Estate LimitedBB-/Stable Standard & Poor's
14 Jul 2015Credit Opinion: Central China Real Estate LimitedBa3/Stable Moody's
12 Jul 2015Central China - A Pure Henan PlayNot Rated CCB International
22 May 2015A new era of mixed-use developmentsEQUAL-WEIGHT Morgan Stanley
21 May 2015JV with Huayi Brothers to diversify revenue, enhance brand awarenessBUY Deutsche Bank
7 May 2015Rerating continues on better marginsBUY BNP Paribas
7 May 2015Robust Apr contracted sales reaffirms strong recovery in Tier-3/4 citiesBUY Deutsche Bank
5 May 2015A laggard poised to catch upBUY DBS Vicker
4 May 2015Right market focus with a favorable landbank vintage; reiterating BuyBUY Deutsche Bank
15 April 2015Credit Opinion: Central China Real Estate LimitedBa3/Stable Moody's
14 April 2015Central China Real Estate Ltd.'s Proposed U.S. Dollar Senior Unsecured Notes Assigned 'BB-' And 'cnBB+' RatingsBB-/cnBB+ Standard & Poor's
30 March 2015Central China Real Estate Ltd. Rating Unaffected By 2014 ResultsBB-/cnBB+ Standard & Poor's
25 March 2015Central China Real Estate's increased JV debt is credit negativeBa3/Stable Moody's
25 March 2015Central China Real Estate Valuation tightStable UBS
25 March 2015Asia Credit RoundupOverweight J.P.Morgan
23 March 2015Quick Comment: Results missed due to fewer bookings; dividends resumedEQUAL-WEIGHT Morgan Stanley
10 Feb 2015Better 2015 aheadBUY DBS Vicker
15 Jan 2015Access China conference 2015 highlights - CCREBUY Deutsche Bank
6 Jan 2015King of a rising region: Central ChinaBUY BNP Paribas
Year 2014Report TitleAnalyst's RecommendationCompany
4 Dec 2014Moody's: Central China's ratings unaffected by proposed consent solicitationBa3/Stable Moody's
2 Dec 2014Central China Real Estate Ltd. Ratings Unaffected By Proposed Amendments To The Terms Of Its NotesBB-/cnBB+ Standard & Poor's
24 Nov 2014Research Tactical IdeaEQUAL-WEIGHT Morgan Stanley
11 Sep 2014BAML Sector ReportUnderweight BOA Merrill Lynch
4 Sep 2014Managing inventory and cash flowsBUY DBS Vicker
11 Jul 20141st Take: A steady 1H14, on track to meet full year targetEQUAL-WEIGHT Morgan Stanley
27 May 2014Credit Opinion: Central China Real Estate LimitedBa3/Stable Moody's
14 May 2014Central China Real Estate Ltd.'s Proposed Singapore Dollar-Denominated Senior Unsecured Notes Rated 'BB-' And 'cnBB+'BB-/cnBB+ Standard & Poor's
9 May 2014Central China Real Estate Ltd 'BB-' And 'cnBB+' Ratings Affirmed; Outlook StableBB-/cnBB+ Standard & Poor's
17 Apr 2014稳步增长的河南省域龙头BUY Industrial Securities (興證香港)
9 Apr 2014NDR takeaway: stronger lead in HenanBUY DBS Vicker
31 Mar 2014Steady credit profile but the bonds lack RVUnderweight BOA Merrill Lynch
28 Mar 2014More trust loans on tighter credit conditionSELL UBS
27 Mar 20141st Take: Solid and Steady Set of FY13 ResultsEQUAL-WEIGHT Morgan Stanley
9 Jan 20142013 contracted sales up 35% YoYBUY Deutsche Bank
Year 2013Report TitleAnalyst's RecommendationCompany
20 Nov 2013CCRE: Profound Inter-provincial Strategy Constantly PromotedACCUMULATE Phillip Securities
15 Nov 2013Central China Real Estate Ltd: A solid performer; fairly valuedEQUAL-WEIGHT Morgan Stanley
12 Nov 2013Portfolio Weight CENCHI 8% due 2020PORTFOLIO WEIGHT Lucror Analytics
25 Oct 2013Central China Real Estate Ltd: A solid performer; Assume coverage with Equal-weightEQUAL-WEIGHT Morgan Stanley
11 Sep 2013A central China beneficiary of new-form urbanizationBUY Deutsche Bank
4 Sep 2013Hong Kong NDR takeaway: Poised for a faster growthBUY DBS Vickers
28 Aug 2013Moody's comments on CCRE's 1H2013 resultsBa3 STABLE Moody's
27 Aug 2013Flattish 1H13 financials but balance sheet remained decentNEUTRAL JP Morgan
27 Aug 2013Sound credit profile - Initiate OW30% on CENCHI'18 maintain UW30% on CENCHI'20OVERWEIGHT BOA Merrill Lynch
27 Aug 2013Healthy margins to holdBUY DBS Vickers
14 Jun 2013Efforts to reduce financial cost bearing fruitBUY DBS Vickers
29 May 2013Rating Report: Central China Real Estate LimitedcnBB+ Standard & Poor’s
10 May 2013Credit Opinion: Central China Real Estate LimitedBa3 Moody's
9 May 2013China property sector: Love it, hate it, can't ignore itNEUTRAL J.P. Morgan
30 Apr 2013Review on Performance of 2012BUY Phillip Securities
22 Apr 20132012 业绩符合预期 料持续稳定增长BUY Guoyuan Securities
22 Apr 2013Continued strong sales growth should support further re-ratingBUY Deutsche Bank
8 Apr 2013Singapore NDR takeaway – Solid FundamentalsBUY DBS Vickers
3 Apr 2013盈利增长符合预期,加快开发节奏BUY First Shanghai
2 Apr 2013Central China: Credit profile remains intact despite weaker 2012Neutral J. P. Morgan
28 Mar 2013FY12 results inlineBUY Core Pacific - Yamaichi
28 Mar 2013Sound and steady credit but lacks relative valueUnderweight BoA Merrill Lynch
28 Mar 2013Decent pre-sales growth outlookBUY DBS Vickers
6 Mar 2013Feb sales stronger-than-expected; Buy on share price weaknessBUY Deutsche Bank
1 Mar 2013Unwinding “sweet 17s”, value remerged in 20sUnderweight BOA Merrill Lynch
28 Feb 2013Steady and sustainable growth in Henan marketBUY ICBCI
19 Feb 2013Expecting another strong year in 2013BUY Deutsche Bank
7 Feb 2013China property sector - Older issues offer more valueOverweight J.P. Morgan
7 Feb 2013一月份合约销售额创历史新高,达16.7亿元,环比增长66%BUY First Shanghai Securities
6 Feb 2013Strong contracted sales recorded in JanuaryBUY Deutsche Bank
24 Jan 2013Re-rating should continue in 2013BUY Deutsche Bank
17 Jan 2013河南省龙头企业 城镇化助推公司成长BUY Guoyuan (Hong Kong) 国元证券
16 Jan 2013A very strong 2012 with RMB10.35bn full-year contracted salesBUY Deutsche Bank
14 Jan 20132013 年,新十年的起点,战略纵深阶段,步入快车道BUY First Shanghai Securities
Year 2012Report TitleAnalyst's RecommendationCompany
27 Dec 2012建业地产:合约销售首破百亿, 连续四年超额完成全年目标BUY First Shanghai Securities
27 Dec 2012Central China Real Estate Alert: The first developer exceeding sales of Rmb10bn in HenanBUY Deutsche Bank
11 Dec 2012Central China: In-depth development stage of towards county-level citiesBUY Phillip Securities
5 Dec 2012Central China Real Estate Alert: Beating full-year sales targetBUY Deutsche Bank
6 Nov 2012Central China Real Estate:Re-rating should continue on strong sales performanceBUY Deutsche Bank
5 Nov 2012China/Hong Kong Company: Central China: Small-cap laggard with solid fundamentalsBUY DBS Vickers
2 Oct 2012Central China Real Estate: Strong sales execution should support re-ratingBUY Deutsche Bank
7 Sep 2012China/Hong Kong Company Focus: Central China: Post-result NDR takeaways: Sound fundamentalsBUY DBS Vickers
21 Aug 2012建业地产:中期盈利符合市场预期,预计下半年可冲刺全年百亿元的合约销售额BUY First Shanghai Securities
21 Aug 2012China/Hong Kong Company Focus: Cental ChinaBUY DBS Vickers
21 Aug 2012Central China: 1H12 revenue higher and liquidity remains strong NEUTRAL JP Morgan
21 Aug 2012Moody's: CCRE's 1H12 results support its Ba3 rating BA3 Moody's
21 Aug 2012Central China: China/Properties/Company Results Report BUY Core Pacific Yamaichi
28 Jun 2012Central China Real Estate Ltd. Rating not affected by the CEO's resignation BB-/Stable Standard&Poor's
27 Jun 2012Central China Real Estate (CCRE): CEO resignsB1/B Stable Barclays
27 Jun 2012HK/China Company Focus: Central China: No impact from CEO change BUY DBS Vickers
13 Jun 2012China/Hong Kong Company Focus: Central China: Expect strong June sales BUY DBS Vickers
30 May 2012植根中原 稳健的区域性龙头BUY Guoyuan Securities
18 May 2012Global Credit Portal, Ratings Direct: Central China Real Estate Ltd. BB-/Stable Standard&Poor's
14 May 2012Central China: Analyzed non-rated snapshot NON-RATED Citi
30 Apr 2012Moody's: CCRE's ratings not affected by new trust financing BA3 Moody's
26 Apr 2012Global Credit Portal, Ratings Direct: Central China Real Estate Ltd.BB-/Stable Standard&Poor's
25 Apr 2012China/Hong Kong Company Focus Central China: Takeaways from HK/SG NDR - Unique business model worksBUY DBS Vickers
17 Apr 2012Central China Real Estate (832 HK): Current Rec: NEUTRALNEUTRAL Ji Asia
16 Apr 2012CCRE sales in 1Q2012 progressed nicelyBUY Phillip Securities
12 Apr 2012China/Hong Kong company focus Central China: Stronger financials to drive growthBUY DBS Vickers
10 Apr 2012Central China Real Estate Ltd's Singapore dollar senior fixed-rate notes assigned 'B+' ratingBB-/Stable Standard&Poor's
10 Apr 2012Moody's: No immediate rating impact to Central China's proposed SGD bond issuanceBA3 Moody's
10 Apr 2012Central China: FY11 core net profit up 23% yoy, heading to a stable growth phaseBUY Core Pacific Yamaichi
3 Apr 2012Central China: Ample cash and solid salesBUY JP Morgan
3 Apr 2012FY11 net profit up 23% yoy to RMB670 million, in-line with consensusBUY First Shanghai Securities
3 Apr 2012Central China Real Estate Ltd: Steady credit profile reaffirmedOVERWEIGHT BOA Merrill Lynch
30 Mar 2012Central China - Solid results for 2011, strong liquidityOVERWEIGHT JP Morgan
30 Mar 2012China/Hong Kong company focus: Central ChinaBUY DBS vickers
7 Mar 2012Central China Real Estate - Seeking consentNon-Rated Barclays
7 Mar 2012Central China – Consent solicitation on previous covenant breachesNEUTRAL J.P. Morgan
22 Feb 2012Sweet spot arrives, with policies supportive of physical end-user marketBUY Core Pacific - Yamaichi
15 Feb 2012China Property Sector Report - revised target price up from HKD2.10 to HKD2.40BUY ICBC
19 Jan 2012Beat contracted sales target in 2011BUY Deutsche Bank
18 Jan 2012Ready for the worstBUY DBS Vickers
Year 2011Report TitleAnalyst's RecommendationCompany
15 Dec 2011Diligent execution of regional strategyBUY First Shanghai Securities
02 Dec 2011CCRE achieved 108% of full year sales target be end NovemberBUY Deutsche Bank
30 Nov 2011Central China Real Estate: Henan leader defensive against policy tighteningBUY ICBC
16 Nov 2011CCRE Balance sheet kept stableBUY Phillip Securities
28 Oct 2011Summary: Central China Real Estate LtdBB-/Stable Standard&Poor's
12 Oct 2011Credit Opinion: Central China Real Estate LimitedBA3 Moody's
7 Sep 2011Company Alert: Central China Real EstateBUY Deutsche Bank
5 Sep 2011Asia Matters WeeklyBUY AM Capital
30 Aug 2011Central China: Niche player in Henan with strong liquidityOVERWEIGHT JP Morgan
29 Aug 2011China/Hong Kong Company Focus: Central ChinaBUY DBS Vickers Securities
19 July 2011China/Hong Kong Company Focus: Central ChinaBUY DBS Vickers Securities
18 July 2011Asia Matters WeeklyBUY AM Capital
12 July 2011China/Hong Kong Company Focus: Central ChinaBUY DBS Vickers Securities
10 July 2011Central China Real Estate:Sales accelerating financial positions strengtheningBUY Deutsche Bank
7 July 2011建业地产:收购扩张进行时BUY Guoyuan Securities
2 June 2011Central China: Growing within a safe harbourBUY DBS Vickers
31 May2011CCRE maintains S&P corporate rating of BB-/stableBB-/Stable Standard&Poor's
26 May 2011Central Chinas liquidity improves to in line with peers. Cash is expensiveNEUTRAL Royal Bank of Scotland
17 May 2011Central China Real Estates reported 2010 results were good. We see potential supply riskNEUTRAL Royal Bank of Scotland
20 Apr 2011Central China: Highly defensive amid policy headwindsBUY Core Pacific - Yamaichi
18 Apr 2011China economic data, Philippines, Hana Bank, Noble, Central China, Road King, Giti TireOVERWEIGHT JP Morgan
15 April 2011Equity FocusBUY CMB International
22 Mar 2011Inland China Growth Plays - Central China Real EstateBUY Finansa
21 Mar 2011Central China - A larger development scale in FY11BUY CMB International
24 Feb 2011Chinese Property - Smaller developers in a portfolio contextNON - RATED UBS
23 Feb 2011Central China Real Estate - Solid operations in a healthy market: Initiate with BUY BUY Deutsche Bank
21 Feb 2011 Asia Matters Weekly BUY Finansa
19 Jan 2011Central China Real Estate: Initiating CoverageMarket Weight Barclays Capital
5 Jan 2011A regional developer benefiting from demographic shiftBUY Finansa
3 Jan 2011China Property: More challenges ahead, but opportunities tooUnderweight Morgan Stanley
3 Jan 2011Central China Steady growth with low policy riskBUY Core Pacific Yamaichi
Year 2010Report TitleAnalyst's RecommendationCompany
17 Dec 2010 Central China: Benefit from rapid urbanization in Henan BUY CMB International
22 Nov 2010Asia Matters WeeklyBUY Finansa
14 Oct 2010Central China: Initiation: Niche Henan player with strong strategic partnerOVERWEIGHT JP Morgan
24 Sep 2010Central China Real Estate: Industry leader in HenanPre-Deal Bond Research Deutsche Bank
24 Aug 2010Central China Real Estate Ltd: steady progress, but much to accomplish in 2HEQUALWEIGHT Morgan Stanley
16 Aug 2010Asia Matters Weekly - Defensive regional developer benefiting from China's demographic shiftBUY Finansa
14 Jul 2010Central China: Analyzed non-rated snapshot: property conference takeawaysNON - RATED Citi
05 Jul 2010Central China strong rebound in FY10BUY Core Pacific Yamaichi
24 Jun 2010Central China Real Estate: Immune to tightening policiesBUY Oriental Patron
4 Jun 2010China Property: Gloom but not Doom; Opportunities EmergingEQUALWEIGHT Morgan Stanley
03 Jun 2010Central China Real Estate Defensive against policy tighteningBUY ICBC International
04 May 2010Central China Real Estate remains safe and soundNON - RATED Oriental Patron
30 Mar 2010Central China: FY09 results-profits decline on low ASP and area completionNON - RATED Core Pacific Yamaichi
27 Jan 2010China property: Supply looms, policy mixed be selectiveEQUALWEIGHT Morgan Stanley
Year 2009Report TitleAnalyst's RecommendationCompany
2 Dec 2009Central China Real Estate: initiate coverageBUY Ji Asia
10 Nov 2009Central China Real Estate: The largest developer in HenanNON-RATED ICBC International
6 Nov 2009Central China Real Estate strong rebound in 2H09BUY Core Pacific Yamaichi
7 Sep 2009Central China playing a central roleNON-RATED CIMB
18 Aug 2009Central China Real Estate initiating at buy: from the Shaolin of real estate development BUY CITI
22 Jul 2009Central China Real Estate Ltd catching up in the raceOVERWEIGHT Morgan Stanley
2 June 2009China property: Early phase of recovery, focus on urban exposureOVERWEIGHT Morgan Stanley
30 Mar 2009建业地产08年纯利激增近三倍NON-RATED Phillip Securities
19 Jan 2009China Property: The short and long of itEQUALWEIGHT Morgan Stanley
Year 2008Report TitleAnalyst's RecommendationCompany
04 Dec 2008Central China Focusing on the birthplace of ChinaNON-RATED Kingsway Group
15 Oct 2008China Property: In search of value post capitulationEQUALWEIGHT Morgan Stanley
08 Oct 2008Central China Real Estate Limited: In 2008H1 net profit soared 526%, adopting conservative strategy to deal with the industry downturnBUY Phillip Securities
22 Sep 2008Central China Real Estate Tops in most populous provinceMARKETPERFORM BOC International
07 Sep 2008Central China Real Estate Ltd unrivalled in populous areaOVERWEIGHT Morgan Stanley
10 May 2008Central China Real Estate Ltd: Regional exposure, absolute dominancePre-Deal Equity Research Morgan Stanley
21 Mar 2008Central China Real Estate: The leading homebuilder in the most populous provincePre-Deal Equity Research BOC International
       
**Please contact us at ir@centralchina.com if you would like a copy of the report.