gelunhui August 27th | Bank of America Merrill Lynch raised its investment rating on Yadi from 'neutral' to 'buy', based on the stimulus measures of the electric motorcycle industry benefiting from the 'old for new' policy, the implementation time and details of the new national standard for electric motorcycles being better than market concerns, as well as investors focusing on next year's outlook. The bank considers the accelerated promotion of the 'old for new' subsidy and the new national standard to drive earnings per share forecasts for Yadi up by 3% and 5% for the next two years, respectively, and by 9% for the following year. The bank raised the target price for Yadi from 12.6 Hong Kong dollars to 14.1 Hong Kong dollars, with a 12-month forecasted price-earnings ratio of 14 times.