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BOC International to raise China resources to hold the target price of 14.8 yuan

Source: Internet
Author: User
Keywords Net
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The BOC International published a study to raise the China Resources entrepreneurship rating from selling to holding, mainly because the share price fell less than 10%, and the target price was raised from 10.1 to 14.8 yuan, which was equivalent to 20.5 times times the forecast earnings ratio in 09. The report pointed out that China resources venture capital in the first quarter of 09 fell by 29% to 366 million yuan Year-on-year, lower than market expectations, but the performance showed some signs of flexibility, mainly in the retail, beverage, food processing and distribution business, the net interest rate is relatively stable, and the company is expected to lower the base of comparison The year-on-year decline in earnings in the coming quarter will gradually narrow.

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