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Yu Yuan Group rose 2.09% Merrill Lynch bid to see HK $19.68

Source: Internet
Author: User
Keywords Consumer Hong Kong dollar
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Yu Yuan Group (00551-HK) Rose 2.09%, reported 17.60 Hong Kong dollars, a deal of HK $26.6178 million, the stock market in early trading, the index rose 2.52%.　　Merrill maintained the buying rating of the unit at a target price of HK $19.68, which had been reported to be in line with strong interim results. The bank pointed to a 4% increase in medium-term profits in 09 and a 9.7% increase in revenue. This shows that Yue yuan business more to consumers, especially the United States consumer sentiment improved, because the company in the global footwear market share of more than 20%, is Nike, Adidas and new hundred key customers, such as the primary suppliers.

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