China moves up 2% merchants Hong Kong refers to sales growth trend

China's move follows a small rally this morning, with share prices rising 2.07% per cent to HK $4.44 a half and 7.685 million shares a deal. China Merchants Securities (Hong Kong) issued a report saying that downgraded the unit to neutral, but based on an estimate of 25.4% per cent of its sales revenue for the next three years, the target price of HK $4.37, equivalent to 19 times times PE or 0.75 times times peg (32% per cent higher than the industry average, and 14 lower than that of the Li Ning valuation level)　　%), only slightly discount the market price. China Merchants Securities (Hong Kong) refers to the Chinese trend Q4 order orders in the year-on-year growth of 21%, the average price on the order amount of the pull effect of about 2%, the remaining growth momentum mainly from the large increase in production. Terminal sales have improved since April, with sales figures for the first two weeks of May better than in April, presenting an upward trend. But the recent pullback in the market has brought the company's valuations back to a higher level.