Lining Is One Of The First Choice For Retail Stocks.
DBS only Gundam: "Lining" is one of the first choice for retail stocks. Lining announced last Tuesday that it had made a profit of 470 million yuan last year, an increase of 60% over the same period last year.
DBS just released a research report that pointed out that Lining's "buy" rating was maintained, but the target price dropped from HK $30 to HK $28, equivalent to 29 times forecast earnings in 2009.
DBS only believes that Lining is one of the first choice for retail investment in the bank.
Citigroup pointed out that the recent Lining stock price fell sharply to maintain the Lining "buy" investment rating and the target price of HK $29 unchanged.
The bank pointed out that the growth of Lining's performance last year reflects the ability of management to carry out cost-effective marketing, and the effect of brand building is good.
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