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China Chung-sheng 7% UBS strong pursuit of HK $13.45
cost demand market net net profit recommended shares return

China's loyalty to the city earlier this morning, the price of a half-day shock collected 7.4% to 9 Hong Kong dollars, 57.42 million shares.　　UBS issued a report saying it gave the unit its initial rating and recommended shares for its focus, with a target price of HK $13.45, a hefty premium of 49% per cent over market prices. UBS predicts a composite annual growth rate of 36% per cent for China's loyal and prosperous 2008-11, with a shareholder return of over 25%, driven by a combination of product mix adjustment, cost-plus pricing model and a rapid rise in demand in the railway sector. At the same time, the current price is equivalent to 12.1 times times 2009 P/E, much lower than most ...

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