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Yu Yuan group flat at HK $17.24 DBS Promotion rating to buy

Source: Internet
Author: User
Keywords Results Hong Kong dollar
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Yu Yuan Group (00551-HK), which was flat at HK $17.24 and traded for HK $49.6421 million a day, ran a big market today, with the index rising 0.77%. DBS raised the unit's rating from full valuations to buying, while also raising its target price from HK $18 to HK $21.10, using its fiscal 2010 profit forecast. Prior to the interim results as of March, DBS said interim results were in line with expectations and that the remainder of fiscal year 09 was expected to continue to face challenges. But the bank expects the outlook for fiscal year 2010 to be good as export demand picks up and demand for sportswear in the mainland is strong; It is expected to gain 15% in fiscal year 2010.

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