Credit Suisse: CHOW SANG SANG Target Hiked to 25 hkd

Credit Suisse said it is raising its target price on leading jewelry retailer Chow Sang Sang (HK: 116) to 25 hkd from 20 hkd (recently 17.1 hkd) while reiterating its “Outperform” recommendation on the Hong Kong-listed enterprise.

chowgem3-1
Credit Suisse hiked its target price on Chow Sang Sang by 25%.  Photo: Chow Sang Sang


“Following the US FOMC announcement of the launch of the QE3, we expect jewelers to see realized gold inventory holding gains in the coming months, which will be reflected in higher gross margins,” CS said.

The Swiss research house also raised Chow Sang Sang's FY2012-13 EPS forecast by 4-7% on the back of margin improvement resulting from its 40% hedging ratio on gold price exposure.

See also:

CHOW SANG SANG ‘Outperform’

HK & PRC Retail Rundowns; CHOW SANG SANG Looking Golden

CHOW SANG SANG Sales Surge; Move Over, India?

CHOW SANG SANG Kept At ‘Buy’, HK Property Initiated ‘Outperform’

 


 

lenovo
Lenovo, a high-profile PR client of A-share listed BlueFocus Communication Group, is the world's No.2 PC maker.  Photo: Lenovo

Kingston: LENOVO “Buy” on Cloud Pickup

Kingston Securities said it is staying “Buy” on Lenovo (HK: 992), the world’s No.2 personal computer maker, with a buy-in price of 6.4 hkd, a target price of 7.0 hkd and a stop-loss price of 6.15 hkd.

“Lenovo recently announced the acquisition of U.S. Cloud system software firm Stoneware which will be completed by the end of 2012.

“This acquisition may not contribute to immediate profit, but may bring long term benefits to the Group since the development of Cloud computing is becoming mainstream,” Kingston said.

The Group set up a US personal computer production line in North Carolina which will commence operation in early 2013.

“Although it would increase production costs, the Lenovo could offer a more flexible after-sale services and product customization to US customers,” Kingston added.

len_mets
Lenovo recently 6.2 hkd

The research house said Lenovo’s overall brand image is expected to be upgraded.

“The Group also owns production plants in China, Brazil and elsewhere to provide additional services for local consumer and business needs.

“For the three months ended June 2012, revenue increased 35.3% to $8.01 billion usd.

Notebook computer and desktop computer businesses accounted for 54% and 32% of total revenue, respectively.

Revenue from China climbed 24% to 3.52 billion usd, and continued to be the biggest contributor among the country markets.

See also:

LENOVO ‘Buy’, Target Up On 1Q; PRC Internet Sector ‘Outperform’

China IR Firm BlueFocus Nearly Triples Its 3Q Revenue

VST: Making ‘IT’ Happen In PRC; Shares Soar 26%


Share Prices

Counter NameLastChange
AEM Holdings3.840-0.010
Avi-Tech Electronics0.275-
Best World1.760-0.020
Broadway Ind0.118-
China Sunsine0.405-
DISA0.003-
Food Empire0.650-0.010
Fortress Minerals0.330-
Geo Energy Res0.3750.010
Golden Energy0.7800.005
GSS Energy0.046-
InnoTek0.470-
ISDN Holdings0.405-
ISOTeam0.100-
IX Biopharma0.126-
Jiutian Chemical0.0780.001
KSH Holdings0.3500.005
Leader Env0.056-0.002
Medtecs Intl0.140-0.002
Meta Health0.025-0.001
Nordic Group0.4800.005
Oxley Holdings0.149-
REX International0.235-
Riverstone0.635-0.010
Sinostar PEC0.170-
Southern Alliance Mining0.380-0.060
Straco Corp.0.405-
Sunpower Group0.260-
The Trendlines0.088-
Totm Technologies0.105-0.002
UG Healthcare0.195-
Uni-Asia Group0.830-0.005
Wilmar Intl4.1200.020
Yangzijiang Shipbldg1.4200.020

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 332 guests and no members online