Guohao Capital maintains the Dechang Electric Holdings (0179.HK) buying rating, with a target price of HK$6.00, which is equivalent to a price-earnings ratio of 13 times based on earnings per share for FY2012. Yuan Yongyi, an analyst at Guohao Capital, said that this may be because the European debt crisis persists and uncertainty about whether the US will raise the debt ceiling, causing the market to worry that this may have an impact on the company (the company has operations in both Europe and the US); in addition, the recent sharp rise in copper prices (which has risen 4% since this month) may have affected the company's production costs. Yuen Wing-yee believes that the stock's pullback has been excessive, and the current stock price provides a good buying opportunity for long-term investors. She expects Johnson Electric's revenue to continue to grow in fiscal year 2012 as the company's improved product structure, strong pricing capabilities, and a recovery in car sales in the US market. Johnson Electric Holdings declined 1.5% throughout the day to close at HK$4.46.