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And Hutchison Telecom rose 12.35% Citi rating to buy 1.15 Hong Kong dollars

Source: Internet
Author: User
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and Hutchison Hong Kong (00215-HK) is now up 12.35%, at HK $0.91, for a transaction of HK $26.7352 million, which now runs a long way to win the market, with a 2.44% rise in the index. Citigroup first rated the stock's buying rating at a target price of HK $1.15. The bank said the 9% per cent dividend yield, mergers and acquisitions and lower valuations were the three main reasons for buying the stock. Added that the mediocre performance and unpredictability are the hallmark of a highly competitive Hong Kong wireless service, but valuations have reflected these fundamentals.

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