share_log

交银首予达进精电(00515-HK)买入评级,看3.09港元

BoCom first reached the 00515-HK buy rating, looking at HK $3.09.

交銀國際 ·  Sep 22, 2010 18:04  · Researches

BoCom International will cover 00515-HK for the first time, with a target price of HK $3.09 and a buy rating on the company. BoCom expects that the company's LED street lighting business will generate net profits of HK$11m, HK$40m and HK$65m in the next three years, which will become the company's main source of profit, with a substantial increase in profitability and an inflection point in performance.

BoCom said that the company is committed to the development of LED street lighting business, high-power LED lighting has a high-quality technology reserve, give full play to the synergy of technology, market and platform, and create a market leader in high-power LED street lighting. The company already has a considerable number of existing orders, and it is expected that the LED street lamp business will generate HK$100m and HK$300m sales revenue in 2H10 and FY11 respectively.

Daijin Jingdian rose 10.05 per cent to HK $2.30 yesterday.

The translation is provided by third-party software.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment