Bank of China International raised the target price of the International Coal Machine (1683.HK) from HK$5.05 to HK$5.34, maintaining the buying rating; and raised the profit forecast for the 2010—12 fiscal year by 9%-22%, as the adjusted model reflects the increase in average sales price driven by changes in the sales portfolio. Bank of China International said that the proposed acquisition of Qingdao Tianxun Electric, an electronic control system manufacturer for international coal machinery, will help increase profits, enable the company to gain a larger share in the value chain, make up for the company's product range, and enable it to enhance after-sales service and promote new product development in the future. The stock rose 0.57% on Friday to close at HK$3.50.