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Digital Telegraph is up 0.2%, Goldman Sachs drops target price to HK $5.4

Source: Internet
Author: User
Keywords Profit margin Hong Kong dollar net profit
Tags .net digital market net net profit stock stock market the net
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The digital Telegraph (00315-HK) rose 0.2% in a half-day, at HK $4.98, and traded at HK $2.6244 million, with the stock market rising by 0.59% in early trading.　　Goldman maintained the neutral rating and lowered its target price slightly from HK $5.50 to HK $5.40, following a reduction in the earnings forecasts for fiscal 10 and 11, respectively, by 6.1% and 52.1% to HK $62 million and HK $34 million, as revenue forecasts were lowered. Goldman also expects the net profit of the fiscal year 09 to fall sharply from the earlier forecast of HK $88 million to HK $6 million, which has little room for further cost reductions and low margins.

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