Daifuku lowered Andeley Juice's recurring profit forecast for the 2009-10 fiscal year by 79% and 46% respectively. Previously, sales expectations were lowered by 75% and 42% respectively. It is expected that business will improve at the end of fiscal year 2009. Previously, Andri Juice announced that net profit for the first quarter fell 88% from the same period last year because sales declined due to economic weakness. Daifuku lowered the stock's target price to HK$0.46 (the previous target price was not specified), which is equivalent to 11.5 times the price-earnings ratio of FY2010, but gave a buy rating on the grounds that performance would improve.
Andeley's juice rose 2.68% to HK$0.36 yesterday.