Likely to Outpeform Peers in 2019, Rental Income to Mitigate Residential Property Slowdown
Shimao’s sales performance outshone most of the sector peers during 2018. The company achieved contract sales growth of 75%. With the strong momentum and the expansion of its operation, we expect the company to book strong earnings growth for 2018 and 2019 with steady margin. However, as the property market is near the tail end of a growth cycle, along with the company's relative high gearing level, we expect the company to revert to a slow pace of growth after 2019. Increasing contributions fro...Shimao Property Holdings is an investment holding company. Through its subsidiaries, Co. is principally engaged in property development, investment and hotel operation in the People's Republic of China. Co. develops commercial properties through its 64.12% owned subsidiary Shanghai Shimao Co., Ltd. As of Dec 31 2014, Co. had 104 projects in 41 cities in the country.
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