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Shenzhen International Holdings ( (HK:0152) ) has shared an update.
Shenzhen International Holdings has secured government approval for Phase II (stage I) of the reserved land within its South China Transformation Project in Shenzhen’s Longhua district, confirming the group’s development rights over plot 02-20-02. The 25,008-square-metre site, designated for Class II residential use with a planned plot ratio of 5.8, will move into land provision and formal transfer procedures, after which development and construction of a flagship high-quality residential project will begin; management aims to accelerate the build-out to speed up sales proceeds and enhance cash flow recovery, underlining the strategic shift of the South China Logistics Park toward urban residential use and reinforcing the company’s role in the district’s renewal programme.
The most recent analyst rating on (HK:0152) stock is a Buy with a HK$9.50 price target. To see the full list of analyst forecasts on Shenzhen International Holdings stock, see the HK:0152 Stock Forecast page.
More about Shenzhen International Holdings
Shenzhen International Holdings is a Bermuda-incorporated company listed in Hong Kong that operates logistics and related infrastructure projects in China, including the South China Logistics Park in Shenzhen’s Longhua district. Through its subsidiary South China Logistics, the group holds land-use rights and is repositioning parts of the park for higher-value urban uses, notably residential development, as part of a broader city renewal initiative with local government authorities.
YTD Price Performance: 28.19%
Average Trading Volume: 3,093,227
Technical Sentiment Signal: Buy
Current Market Cap: HK$20.99B
For detailed information about 0152 stock, go to TipRanks’ Stock Analysis page.