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Foxconn International drops 0.74% HSBC rating under HK $2.5

Source: Internet
Author: User
Keywords hk
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Foxconn International (02038-HK) fell 0.74%, a 5.36 Hong Kong dollar, a deal of HK $2,162,620,000, which ran for the first time in the market, and the index fell 0.3%. HSBC maintained the stock reduction rating at a target price of HK $2.50.　　HSBC said it seemed to be overvalued, equivalent to 32 times times the forecast price-earnings ratio for the next 1 years, and believed that smart-phone-related positives were reflected in share prices. The bank also said that, although its customers palm on the Pre product Outlook optimistic, but the year delivery is difficult to exceed expectations, its forecast to increase the space is limited. Added to the reasons for Foxconn's loss were the 09 mid-term results, which were weaker than expected.

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