HSBC upgraded the Maoye International (00848-HK) rating from reduced holdings to neutral, as the stock recently outperformed the market, with a target price of HK$2.20. According to the bank, the stock price has fallen 30% from its recent high, outperforming similar shares by 23%. HSBC added that the company's FY09 results are generally in line with expectations, and the bank still expects Maoye's earnings per share to grow by 28% in FY10. Maoye International closed up 6.80% to HK$2.20 for the whole day.
汇丰升茂业国际(00848-HK)评级至中性；看2.2港元
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