Gome has soared nearly 80%, the city's speculation is far beyond the big line

The 7-month-long suspension of Gome's recovery this morning, in the financing of the determination and improvement of performance to improve the promotion, the stock price once Gaokaigao to soar more than one to 2.32 Hong Kong dollar, is still maintaining a higher than 78.57% of the increase, at 2 Hong Kong dollars, the deal has reached 1.46 billion shares.　　But the big line in its latest market conditions under a good differentiation, and valuations are significantly lower than market prices, showing that the city speculation more than expected. Merrill Lynch, which raised its rating from a weaker-than-market to a buy, also raised its target price from 1.5 to HK $1.68, but is still at a discount to market prices.　　The fund, although Merrill Lynch to the Gome 09 and 10 earnings forecasts per share cut by 56% and 53%, but the bank believes that the worst period of Gome has passed, the introduction of new shareholders, the basic factors have bottomed out and a profit recovery, are positive factors. DBS also believes Bain's global operating experience will help Gome improve corporate governance standards. According to the optimism of domestic consumption in China, Gome is expected to achieve a composite annual growth rate of 2010-2012 in fiscal year 15%.　　The current rating is for purchase and the target price is HK $1.52. Citi only maintains a rating of the unit, with a target price of only HK $1.3. According to the financing details, the maximum dilution effect of the transaction is about 24.4%, slightly above the forecast of 20% in the bank.　　The stock is expected to fluctuate from 1.64 to HK $2.53. Wanguo (Hong Kong) suggested that the market surplus had exceeded 25 times times with the surge in Gome's share price, and that shareholders still needed to supply shares, that the current prices had been excessively reflected and that the above 2 Hong Kong dollar should not be high.