Citi lowered the target price of Guohao (0053.HK) by 17%, and is still HK$63.75; indicating that the East Asian stock price has fallen by more than 70% from its high in June 2007, and Guohao has only now entered the market, which is a positive move that helps narrow the discount on its net asset value; at current prices, the net asset value is still discounted by 47%, which is believed to be an excessive reflection of the outside world's concern about falling cash, so it maintained its buying rating. Guohao dropped 1.74% yesterday to close at HK$48.00.