Deutsche Bank maintained AEON's (0984.HK) holding rating and lowered its target price from HK$13.50 to HK$12.60, having previously lowered the company's net profit forecast for the 10-11 fiscal year by 16-20%, as the loss amount of its Chinese business in 2009 was higher than expected. Deutsche Bank is still optimistic about AEON's long-term prospects. Due to the company's good balance and liabilities situation, management can get more business space during the industry's downturn.

AEON fell 4.41% on Friday to close at HK$13.00.