Price Targets
>>
BRIC
>>
China
>> China Communications Services
Citigroup raised price target on China Communications Services
5 November 2007
Citigroup raised its target price on China Communications Services to 8.70 hkd from 6.16 after the company reported recent strong sales growth.
Citigroup said: "Our target price increase is driven by better-than expected revenue growth. We increase our earnings estimates by 3%, 11% and 19% for 2007-2009 thanks to higher top-line growth".
Current share price of China Communications Services on the Hong Kong Stock Exchange: 6.2 hkd
|
|
|