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Friday
Dec302011

HL Technology (1087 HK) Yet to wait for market recovery 

DateFriday, December 30, 2011 at 5:20PM
to summarize…
-  Q4 orders not as strong as previously expected
-  Further slight margin squeeze in 2H 2011 on weak market demand
-  Downward revision of numbers for 2011
-  HL Tech remains fundamentally strong and positions for recovery in 2012
-  Expect to receive more additional orders from new tenders and new clients
-  Remove reference target price due to removal of this rating class

 

HL Technology (1087 HK) Yet to wait for market recovery

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