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« 2010 research outline-Rainbow after storm | Main | Fufeng (546 HK): Soaring MSG price-BUY (unchanged) »
Wednesday
Dec162009

Sino Biopharma (1177 HK): Further bonus share bring up liquidity-HOLD (unchanged)

DateWednesday, December 16, 2009 at 9:00AM

Key points:

 

-SB’s share price adjusted down corresponding to the bonus share issue.

-Maintain HOLD, revising our target price to HK$2.35, representing 22.3x and 18.1x ex-cash FY12/10F P/E.

Sino Biopharma:Further bonus share bring up liquidity

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