For the first time, Daiwa gave Comdam Solar (00712-HK) a superior market rating. The target price is HK$2.00, which is equivalent to 8 times the price-earnings ratio for FY2012. According to Daiwa, Comdam Solar will be one of the few companies in the world where gross profit margin may rise in the fourth quarter of 2011, thanks to the increase in shipments of N-type solar silicon wafer products that the company has just begun shipping. Comdance Solar rose 2.4% yesterday to close at HK$1.69.
大和首予卡姆丹克太阳能(00712-HK)优于大市评级，看2港元
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