Deutsche Bank to maintain only goods will buy rating target share price from 184 U.S. dollars to 177 U.S. dollars

Summary: Beijing time April 14 Evening News, Deutsche Bank today issued an investment report to maintain the only stock (nyse:vips) Buy rating, the target share price from 184 U.S. dollars to 177 U.S. dollars. The following is a summary of the report: first-quarter results will be more than expected: in the past number

Beijing time April 14 Evening News, Deutsche Bank today issued an investment report to maintain the only stock (nyse:vips) "Buy" rating, the target share price from 184 U.S. dollars to 177 U.S. dollars.

The following is a summary of the contents of the report:

First-quarter results will be more than expected: In the past few days, we have with the only product management and partners to communicate. We believe that the first quarter of the 2014 fiscal year will exceed our expected $659 million trillion and Wall Street's expected $622 million trillion. Based on non-US GAAP, we expect that the yield per share will be higher than our expected $0.48 trillion and Wall Street's expected $0.46 trillion. To this end, we continue to maintain the only stock "buy" rating.

Revenue will double this year: We believe that only the goods will achieve the goal of doubling revenue this year, and our previously expected revenue growth of 82% per cent year-on-year. Given the strong historical performance, we believe that the only product will be able to achieve this goal.

Le Bee Network 2015 fiscal balance: We believe that the integration of the Lok Bee Network is being carried out in a step-by-step manner. We anticipate that the goal of the only product will be to make the Lok Bee net balance in fiscal year 2015. In this market, only goods will be our most optimistic stock.

Adjustment of performance expectations: We will be the only products in fiscal year 2014 and 2015 fiscal year revenue forecasts respectively reduced by 3% and 2%, the diluted earnings per share is expected to be lowered by 8% and 3% respectively.

Valuation: We continue to maintain the only stock "buy" rating, the target share price from 184 U.S. dollars to 177 dollars.