Crown-Czech technology counter 6% increase in Goldman Sachs Q2 revenue 25%

Gross profit margin growth forecast to strengthen profit recovery vision of the Crown Czech technology today against the city, the price shock plate rose 5.92% to 3.58 Hong Kong dollars, 4.61 million shares.　　Goldman Sachs issued a report saying the purchase rating of the unit was maintained, with a target price of HK $3.95, equivalent to 9.9 times times the forecast price-to-earnings ratio for the 2010 fiscal year, or 10% per cent premium. Goldman Sachs expects a 13% per cent increase in shipments to be boosted by a 25% increase in the second quarter of its fiscal year 2009, thanks largely to the rise in the panel's average sales price and the lower base in the first quarter of fiscal year 2009. Operating margins are expected to fall slightly, mainly due to a decline in the predictability of exchange earnings (the company recorded an unrealized exchange gain of $15.6 million in the first quarter of fiscal 2009, equivalent to 24% of gross profit in the first quarter).