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The Orient table line fell more than 10% DBS maintained hold to see HK $1.77

Source: Internet
Author: User
Keywords Sales Hong Kong dollar net profit
Tags .net business company index market net net profit stock
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The Eastern Table line (00398-HK) fell 10.12% to 1.51 Hong Kong dollars and sold HK $4.5493 million in the early trading market, and the stock index fell 0.58%.　　In the 09 fiscal year (as of March), the net profit fell 36% from the previous year and sales fell by 13%, but DBS said performance was in line with expectations. DBS maintained the unit's rating, lowering its target price from HK $1.88 to HK $1.77, before lowering the company's earnings forecast for fiscal 10 by 10% per cent. The bank said that the Orient table would take 1-2 years to achieve full business recovery. Added that overall demand for first-class products remained weak, while the space for lower rents might be limited, as asset prices remained stable in recent months.

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