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Baozi now drops 3.44% Merrill Lynch suggests buying 21.6 Hong Kong dollars

Source: Internet
Author: User
Keywords Hong Kong Dollar
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Bao Posture (00589-HK) now fell 3.44%, reported 17.38 Hong Kong dollars, a deal of HK $5.3756 million; The unit is now basically synchronized with the big city, the index fell 3.41%, reported 17443.46 points. Merrill suggested buying the unit, while also raising its target price from HK $17.07 to HK $21.6. The bank means that Baozi can benefit from the revival of the mainland's retail market, in response to the increase in sales and high gross margin of the same shop, and the increase in its 09-11-year earnings forecast of 8% to 17%, to 551 million, 651 million and 773 million yuan.

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