CIMB-GK maintained 0255.HK 's neutral rating but cut its target price to HK $1.72 from HK $1.98 after adjusting its profit forecast for fiscal year 09-11 to reflect the global economic downturn, which will hit exports.

Longji Group earned 6 to 300 million yuan less for the year; CIMB-GK 's Rebecca Tang said Longji Group's fiscal year results were in line with her forecasts, but yesterday's sharp rise in the stock was still down 12.3% so far this month as investors pursued lagging stocks, while the Hang Seng Index is up 5.0% over the same period.

Longji Group rose 11.56 per cent to HK $1.93 yesterday.