3V Research gave the Dynasty House□ (1198.HK) purchase rating for the first time. The target price was set at HK$6.57, which is equivalent to 15 times the price-earnings ratio for fiscal year 2011. According to the bank, Dynasty Family □ has had a strong performance in the past two years.
The bank believes that Dynasty House □ is a retail stock closely related to consumption growth and urbanization in mainland China. According to 3V, the company has successfully established a strong commercial platform, and a well-balanced brand portfolio, expansive sales channels and flexible marketing strategies will ensure the company's growth momentum.
The stock rose 4.99% yesterday to close at HK$3.58.