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侨丰证券建议在1.85元买入中信1616(1883-HK)

僑豐證券 ·  Jun 3, 2009 16:17  · Researches

Buying factors: Excluding the one-time interest income of 40.5 million yuan from the Group's initial public sale of shares in 2007, the net profit realized last year increased by 49.5% over the previous year. Various technical preparations for the 3G business will be carried out this year. While expanding new businesses, costs will be strictly controlled, and efforts will be made to increase the market share of various businesses in an effort to maintain the steady and rapid growth of the Group's profits this year. CITIC 1616 has become a leader in the voice and SMS business. This year, it will specifically reflect the international sales network and collaborative benefits of the acquisition of Runxun (0989) in September last year. Profits can be taken to the next level. Recently, there has been demand, and there has been a marked increase in trading volume. Since the current price is still not in a serious overbought zone, the short-term upward trend is still sustainable, and it is expected to challenge the 2 yuan level. Purchase price: 1.85 yuan (current price 1.88 yuan) Target price: 2.00 yuan Stop loss price: 1.70 yuan

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