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Belle International is up 4.28% at Goldman Sachs to HK $7.1

Source: Internet
Author: User
Keywords HONG Kong Dollar stock analyst
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Belle International (01880-HK) has now risen 4.28% to HK $6.33, a deal of HK $58.8366 million, which is now winning the big city, with the index falling 0.4%. Goldman raised its rating from neutral to buy, while also raising its target price from HK $4 to HK $7.1.　　The bank believes that with the addition of 2,840 distribution points in the last year, the forecast increase in profitability for 09 will be enhanced with the expected new 600 distribution points this year. The bank also points to a 20% discount on valuations compared to the 03368-HK group, which also featured in the mid-range market.

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