China Oriental HK -0.311%=6.42h$
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| Eröffnet am: | 14.12.07 08:06 | von: skunk.works | Anzahl Beiträge: | 1 |
| Neuester Beitrag: | 14.12.07 08:06 | von: skunk.works | Leser gesamt: | 2.374 |
| Forum: | Hot-Stocks | Leser heute: | 1 | |
| Bewertet mit: |  | |||
JPMorgan ups China Oriental's (0581.HK) target price by 73% to HK$8 on ArcelorMittal take-over.
Says ArcelorMittal will help China Oriental cut raw material procurement costs by turning from spot market to contracts.
Expects Chinese steelmaker's FY08 EPS to grow by about 18% on-year on 10% volume growth and improving margins.
Says "margins are likely to improve on cheaper raw material procurement costs and product mix improvement." Pegs stock at Overweight call, which off 0.5% at HK$6.41.
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Wertpapier: China Oriental Group |