Daphne received more than 10% big Chinese comments to buy 6.4 Hong Kong dollars

Daphne International (00210-HK) rose 11.33% to 4.03 Hong Kong dollars, a deal of HK $49.7741 million, which rose to a high of 4.30 Hong Kong dollar and won the market today, with the index rising 5.26%. UOB maintained the buying rating and also raised its target price from HK $3.8 to HK $6.4, as risk premiums fell, earnings growth was expected to rise, and the target price-to-earnings ratio rose to 15 times-fold from 10 times.　　The company is expected to raise the 2009-11 profit forecast by 13% to 19%, because the shoe cabinet brand sales and profit margins are better than expected this year, and are expected to increase efficiency and store speed by 2010-11. In addition, TPG's premier subscription of convertible bonds and warrants will be seen as a strategic partnership rather than a mere financial investment; Dahua has been bullish on the deal, as it has lowered the risk premium and accelerated the company's medium-and long-term earnings growth, prompting a continuing downgrade.