[ET Net News Agency, 23 October 2017] Deutsche Bank lifted its target price for Want
Want China (00151) to HK$6 from HK$4.2, and upgraded its rating to "hold" from "sell".
The research house forecast Want Want's sales growth to turn positive in April-
September, after two years of sales' decline from 2015, helped by its recent channel
reform and improving macro environment.
In the long-term, DB still has concerns surrounding the sustainability of this recovery,
given this reform didn't solve Want Want's core problem in new product growth. It expects
less downside on the stock in near term helped by the growth stabilization.
DB revised up its earnings estimates by 10-15% in 2017-19 to factor in the near-term
benefits from channel changes. (KL)
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00151 WANT WANT CHINA
Nominal 
4.480 0.000 (0.000%) Others
23/10/2017 15:33
[I-bank focus]DB lifts Want Want China (00151) to HK$6
| Remark: | Real time quote last updated: 24/04/2024 17:59 |
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