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« RCG Holdings Ltd. (802 HK): RFID/biometrics leader in China and Asia- BUY (int. coverage) | Main | United Power (674 HK): Sing a simple song- Not Rated »
Monday
Oct052009

China Green (904 HK): stepping into new lands- BUY (unchanged)

DateMonday, October 5, 2009 at 9:33AM

Key points:

- Satisfactory geographic expansion as expected.

- Beverage growth to re-accelerate.

- Instant noodle business slowed.

- Uncertainty on leasing model brought by new land policy.

- Earnings projection lowered 9.4% and 10.1% for FY04/10F and

     FY04/11F.

- New target at HK$7.61, down from HK$7.94.

China Green: stepping into new lands

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