France and Pakistan reiterated the purchase rating of Huibin Home Appliances (1280.HK), with a target price of HK$2.15; quoting Huibin management, they are confident that revenue for the full year 11 will increase by 50%-60%, and that the net profit margin will remain at the level of the first half of the year; that its chairman may consider taking advantage of weak stock prices to increase stock holdings or bring short-term support; it believes that the price-earnings ratio of the stock in 2012 is only 5 times higher, based on an expected 30% increase in net profit. The current price is attractive.

HSBC closed at HK$0.98 yesterday.