Dynasty wine industry fell 1.76% big China review buy HK $2.25
Source: Internet
Author: User
KeywordsSales volume HK $
Dynasty wine industry (00828-HK) fell 1.76%, reported 1.687 Hong Kong dollars, a deal of HK $2.6598 million, the unit is currently running a large market, the index rose 1.53%. Dahua continued to maintain the buying rating of the unit and also raised its target price from HK $1.68 to HK $2.25. The bank said, still bullish dynasty wine industry, although in the first quarter of 09, wine production and profit fell 4.76% and 11% respectively, estimated dynasty wine 09 years before 5 months of sales fell more than 20%, below market expectations. However, the long-term sales outlook is good due to economic recovery and potential acquisitions, and sales are expected to rebound in the second half of 09 and 2010 years. Add that the current price has reflected the 2009 slowdown in sales growth factors.
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