Daifuku gave Bestar Holdings (1168.HK) a purchase rating. The target price was HK$2.06, which is still a significant discount of 45% compared to Daifuku's expectations of HK$3.74 per share of the company's net assets per share.

At the end of fiscal year 09, Bestar Holdings had net cash of HK$3.9 billion, or HK$1.11 per share. At the same time, its good asset quality increased its net assets per share significantly. Daifuku said that due to the sharp rise in land prices, the company was unwilling to replenish its land reserves for the past two years, so it failed to attract investors' attention. In the second half of 2010, Bestar Holdings only had 11 villas available for pre-sale at Shanghai's Ningguo mansion. The price was approximately RMB 160,000 per square meter, and revenue of RMB 2.1 billion was obtained from it.

The stock closed at HK$1.17 throughout the day.