Wednesday, August 18, 2010

Yingli

Yingli: analyst downgrades continue. KE reduced rating to Hold with $0.43 target, vs $0.62 previously. Similar to what we highlighted yesterday, there was concern over the poor 2Q10 results, delays in sale of its residential (ie Da Ping) and commercial (San Ya Wan) projects, and tepid rental uptake at the IFC.

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