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Textile prices rose 1.81% to HK $2.1

Source: Internet
Author: User
Keywords Profit margin HK $ Citi start rate
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The 01382-HK was up 1.81% in half a half-day, at HK $1.69, and traded at HK $1.5157 million, with the shares rising 2.52% in the early trading market.　　Citi, which maintained its buying rating, also raised its target price from HK $0.68 to HK $2.10, after raising its earnings forecast for fiscal 09-11 by 18% to 28%, with orders and margins better than expected in the second half of the fiscal year. The bank also said the factory start rate had recovered to more than 95% per cent, which would help stabilise profitability. Added that the current valuation of the unit looks attractive, the share price is equivalent to the 10 financial year forecast P/E ratio 6.4 times times, dividend yield 6.2%.

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