Victoria Milk International Half-day rose 1.24%dbs hold

Source: Internet
Author: User
Keywords Performance HK $ severance pay net profit
The Dairy International (00345-HK) rose 1.24%, reported 4.09 Hong Kong dollars, a deal of HK $3.9321 million, which won the big city in early trading, and the index rose 0.75%.  The unit fell 2.88% per cent after its results yesterday and rebounded today.  DBS maintained the unit's rating, but set its target price from HK $3.90 to HK $4.30, extending the benchmark period to 2010, the equivalent of 16 times times the 2010 fiscal year's forecast P/E. The bank said that in the 09 fiscal year's performance was expected (net profit rose 3% from last year, the provision for severance payment for Hong Kong employees distorted data, the core net profit grew by 13%), although in a challenging environment, most of the sales of major markets achieved good growth. Despite the weak macro environment, the bank said it would maintain resilience because it has the power to grow through new products and deepen market penetration.
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