Hong Kong railway Company drops 0.6% Merrill Lynch reiterates buying HK $27

Source: Internet
Author: User
Keywords Hong Kong dollar Longshan accounting
The Hong Kong Railway Corporation (00066-HK) has fallen 0.6% to HK $24.80 to deal with 1.1717 million shares, and the company is currently running a large market, with a micro-rise of 0.34%. Merrill reiterated the purchase rating of the unit and raised its target price from HK $24 to HK $27.  The bank refers to the increase in the average selling price of Silver Lake in the Hong Kong Railway, plus the Royal Dragon Mountain or a small amount of callback, so as to upgrade its real estate business forecast for the current and the next two years. The bank added that at present, Silver Lake has sold 80% units a day, is expected to be accounted for in 09, and July 2010 before the MTR will not reduce fares, so the 09 and 10 earnings per share of 9% and 3%, to 1.05 and HK $1.14.
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