focus is the first half of the Hong Kong Poly net debt ratio rose by 63% surge last year to 109% during the period, due to purchase six new land, the land required to support the amount of approximately $ Ugg boots for sale 8.4 billion, the first half of the new start area 390 square meters, 1.38 times the year soared, according to Credit Suisse estimates that its capital construction this year spending $ 11 billion Uggs outlet  (RMB? below) (the first half of $ 4.3 billion), the management of the original guideline 9 billion yuan higher than about 22%, but management expects net debt ratio could fall next year to nearly 75% level.

contract sales CAGR of 50%

Poly

market perhaps too much about Hong Kong's high debt, christian louboutin shoes because Poly Hong Kong in August this year, the first contract sales reached 10.9 billion yuan, 18 billion yuan and the annual target of about 60.6%, while the group were introduced in the second half of this year, 12 new projects; Deutsche Bank refers to the first Poly August sales performance, confidence and reach their full-year sales target, and lock christian louboutin replica the next year about 30% of revenue, coupled with state-owned Fake rolex watches for sale parent of Hong Kong Poly background support, I believe that the risk of insolvency very low.

Poly Hong Kong an ideal first-half results, the restriction order under the influence of the coreReplica rolex watches  net profit also recorded a $ 900 million, 19% annual increase in gross profit marginRed bottom heels  increased to 43%, sales of the first half of the contract amount is also $ 8 billion , up 70% during the period of cash reimbursement rate of 73%, while the group in August to December the new Cheap Red bottom shoes  resources can be sold two million square meters, the average selling price per square meter of about 8,000 yuan (This is the management in August forecast) (in the first half of 9630 yuan); here in the second half as long to achieve about 50% of the sales rate will be Wedding dresses the annual target, , 60% (of which about 91% for the limited the purchase of affected areas).

Poly

Citigroup also promising growth potential of Hong Kong, expected its contract sales next year of up to 25 billion to 30 Wedding dresses billion yuan, according to the annual growth of 39-67%, expected its 2010-2013 Cheap Wedding dresses contract sales at a CAGR of 50 %, the highest in an industry.

Run to accelerate the push plate

Bo rebound

China Resources Land (1109) to accelerate the Cheap rolex watches push plate to obtain good results, coupled with Discount wedding dresses the cumulative stock price decline in a large, attractive valuation levels have reached, Bo can be short-term rebound. Run to the first half year turnover fell 38%, accounted for more sales down 50%, resulting in 33% of core earnings back to 1.284 billion yuan, and the party Gowns market is expected to only 23% of the year, dragged down share prices remain under pressure. discount bridesmaid dresses However, during the same period last year gross margin 38.7% to 41.4%, plus the Group recorded a large number of projects launched in the second half, will help restore investor confidence.