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Giant Teng international rises 2.74% Nomura to maintain buy 5.2 HK $

Source: Internet
Author: User
Keywords Profit margin Hong Kong dollar
Tags index return status stock
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Giant Teng International (03336-HK) is now up 2.74%, reported 4.12 Hong Kong dollars, a deal of HK $3.604 million, the stock is now winning the big city, the index fell 1.41%, reported 17909.81 points.　　Nomura, which maintains its buying rating, also raised its target price from HK $3.00 to HK $5.20, after raising its earnings forecast for fiscal 09-10 by 9.7%, 3.8%, to reflect better profitability forecasts (backed by product mix adjustment and efficiency gains). The bank also believes that its valuations are low, taking into account the growth momentum, industry status and capital return factors, and that its share price is narrower than the discount on Taiwanese depository receipts.

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