Baozi rises 2.94% Deutsche Bank rating to buy 19.2 HK $

Source: Internet
Author: User
Keywords Price Hong Kong dollar Chinese yuan
Tags buy rating index market stock stock market
Bao Posture (00589-HK) up 2.94%, reported 17.50 Hong Kong dollars, a deal of HK $54.3956 million, the stock market in early trading, the index fell 2.06%, reported 17343.71 points. Deutsche Bank gave the unit a buy rating and raised its target price from HK $15.52 to HK $19.2.  The bank raised the Baozi 09-11-year earnings forecast by 10% to 16%, in anticipation of better sales. The bank expects the baozi to increase the average price by 6% per cent in the first half of the year, leading to a growth in retail sales, which could increase by 10% to 201 million yuan in the medium term in 09, and a special dividend to compensate for the absence of dividend payments for the second half of 08.
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