High-speed micro-fall Citi to increase profit forecasts but still sell

Source: Internet
Author: User
Keywords Hong Kong dollar Citi traffic volume
Deep-speed H shares fluctuated slightly at low lows today, with shares falling 0.27% to HK $3.7 a day, trading 2.36 million shares.  Citigroup issued a report saying it reiterated the stock's selling rating, but still raised its target price from HK $2.6 to HK $3.4, at a discount of 8%. Citi means that although in view of the deep high-speed stakes in the machine Lotus can increase earnings per share, the recent traffic trend stabilisation, and the high-speed connected highway will be put into use in June 2010, and other positive factors, the 2009-2011-year profit forecast will be increased by 10% to 29% respectively, but still believe that the stock valuation is high. The current price is equivalent to 13.9 times and 11 times times the 2009-10 earnings ratio, compared with the historical average of 11.5 times times. Shareholder returns of 2009-10 were estimated at 7% and 9% respectively, the lowest in road stocks, and the 2009 debt ratio of 149% per cent, at the highest level.
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