Reported by Journalist Chen Qi from New Express  In the face of adverse market environment and the ceaseless macro-control, Evergrande still has the hot-sale momentum, forming the same growth trend on a year-on-year and month-on-month basis. Yesterday, Evergrande (3333.HK) released its sales performance in Hong Kong, and announced that the Group achieved the sales amount of 6.15 billion yuan in April 2011, with an increase of 64.5% compared to that of the same period in 2010, which was 3.74 billion yuan, and with an increase of 11.5% compared to that in March, which was 5.52 billion yuan. The powerful sales performance has significantly contributed to the increase of Evergrande’s comprehensive strength. According to the assessment of China Real Estate Association and other institutions, the Group has ranked the second place among the top 100 listed real estate enterprises in the comprehensive strength.

According to the data, from January through April 2011, Evergrande achieved the sales amount of 25.95 billion yuan, with an increase of 113.9% compared to that of the same period in 2010, which was 12.13 billion yuan, and the accumulative contracted sales area of 3.731 million square meters, with an increase of 97.1% compared to that of the same period in 2010, which was 1.893 million square meters. Compared to the full-year sales target of 70 billion yuan in 2011, the Group has had completed 37% of the full-year target by the end of April.

According to the report disclosure, the overall operating income level of enterprises listed in the past three years has a rising trend, with a slow growth, but the operating income of H-stock listed enterprises on a month-on-month is obviously better that that of A-stock listed enterprises. Goldman Sachs has adjusted the target price of Evergrande to HKD 8.08. In 2011, the influences of the purchase restriction and other macro-control policies will continue expanding, and Evergrande has become a real estate enterprise with rare competitors which is sustainably well regarded by the international capital market.

After Goldman Sachs listed Evergrande Stock into the preferred 12 China-resourced stocks, and set the target price as HKD 6.44 one month ago, the Hong Kong Stocks entered into the adjustment stage on April 27. According to the media coverage, Goldman Sachs has increased the EPS of Evergrande Stock this year and last year by 11.4% and 14.1% respectively to 0.63 yuan and 0.7 yuan, and has continued granting the Buy Rating to Evergrande Stock, with the target price increased to HKD 8.08.