UBS says in its research report that Sino-Ocean Land (03377.HK) is likely to miss its contract sales target given there is only one month left.

Sino-Ocean Land achieved November 2011 contracted sales of RMB2.2 billion, down 19% on month. The company recorded average selling price of RMB10,427 per sqm for the month.

Year to 30 November 2011, the company achieved total contracted sales of RMB23.9 billion, amounting to 80% of the management target and 90% of estimates by UBS.