BoCom International maintains a buy investment rating of 00515-HK, raising its target price to 5.65 yuan, corresponding to the expected price-to-earnings ratio of 20x FY11F. It is expected that the company's FY11\ FY12 LED street lamp revenue will reach 640m / 910m, respectively, raising its core net profit to 119.8m / 163.9m, and its core net profit per share will be 0.28 / 0.38 respectively.

BoCom said that on January 14, the company issued 60 million new shares "old before new", with a net income of about 218.3m, which will be used as general working capital. This placement will help the company replenish its working capital and lay the foundation for more LED street lighting projects and speeding up the expansion of LED street lighting business.

Dachin Jingdian fell 4.18% to 3.9 yuan last Friday.