Report
Phillip Zhong
EUR 147.86 For Business Accounts Only

Soho's Mature 3Q Centers See Higher Lease Rate With Steady Occupancy

Soho China has further expanded its 3Q offerings to 17 locations with nearly 15,000 seats in Beijing and Shanghai. During the fourth quarter, the company maintained a strong occupancy rate between 75% and 85% for mature centers. At some locations, demand was strong enough to support price hikes of 15%-25%. For newly opened centers, vacancy rates remained high and heavy price discounting was necessary. At this point, we maintain our fair value estimate of HKD 3.40 for the company's shares, along ...
Underlying
SOHO China Ltd.

Soho China is engaged in property development and property investments. Co. operates within three segments: completed projects held for sale; completed investment properties; and projects under development.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Phillip Zhong

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