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2009-7-6 03:23:00 p.m. HKT, XFNA
DJ MARKET TALK:Most China Ppty Plays Up;More Upside In 2H-Redford
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| 1517 [Dow Jones] Most China property plays higher, supported by Agile's (3383.HK) strong home sales data for 1H09, with Agile +0.5% at HK$11.06, China Resources Land (1109.HK) +1.6% at HK$17.70, Greentown (3900.HK) +7.6% at HK$12.80, but China Overseas (0688.HK) down 0.7% at HK$17.76. "I believe the robust home sales growth of the China property companies could sustain into the second half of the year, as China policy is expected to remain supportive to property sales," says Redford's Kenny Tang. Expects another 20% upside between now and end-2009 for overall China property plays. (SUT) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
(Delayed by 1 hour)
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