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ASM Pacific Counter-city drops 2.91% Goldman Sachs downgrade to neutral

Source: Internet
Author: User
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ASM Pacific (00522-HK) fell 2.91% to 43.30 Hong Kong dollars, a deal of HK $23.9251 million, the stock is currently running away from the index, the index rose 1.58%. Goldman downgraded the stock from buying to neutral, but raised its target price from HK $46 to HK $48. The bank believes the current valuation has fully reflected a sharp rebound in the 09-year order, but adds that it remains bullish on the position of competition and longer-term growth prospects, and advises investors to wait for better timing.

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