China Business News: Citigroup retains "buy" rating for China Overseas Land

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Citigroup retains "buy" rating for China Overseas Land

Sep. 15, 2009 (China Knowledge) - U.S.-based financial services company Citigroup Inc recently reaffirmed its "buy" rating for China Overseas Land & Investment Ltd<0688>, a real estate subsidiary of China Overseas Holdings Ltd, raising the stock's target price to HK$19.92 from the previous HK$19.82. Citigroup said that the Hong Kong-listed property developer has recently acquired land

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