Bank Of America Merrill Lynch Assessment: Daphne Profits Or Bottom

On November 27th, the Bank of America and Merrill Lynch reported that Daphne's profits will bottom out, and the company's share price rebounded by more than 7%. Bank of America Merrill Lynch issued a research report that, although the base is low, Daphne international fourth quarter same store sales decline will be lower than the previous quarter, the bank said that Daphne's current price is equivalent to 14 years forecast price earnings ratio 10.5 times, valuations in two years low,