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摩根大通维持国际煤机(1683.HK)增持评级；看8.30港元

J.P. Morgan maintains the International Coal Machine (1683.HK) holdings increase rating; look at HK$8.30

None ·  Jul 18, 2011 14:52  · Researches

J.P. Morgan maintained the International Coal Machine (1683.HK) increase rating; it was previously reported that Joy Global Inc. said it would buy 41% of International Coal Machine's shares for 585 million US dollars, and plans to issue a takeover offer to buy the remaining shares of the International Coal Machine.

J.P. Morgan believes that in the medium to long term, the deal will have a very positive impact on international coal machine business operations, because the potential acquisition deal will enhance the R&D capabilities of international coal machines and optimize their production efficiency.

J.P. Morgan added that the purchase price of HK$8.50 per share is basically reasonable, which is a small premium over the target price of HK$8.30 set by the bank.

International Coal Machinery surged 17.4% last Friday to close at HK$7.69.

The translation is provided by third-party software.


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