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00493 GOME RETAIL
RTNominal down0.019 -0.001 (-5.000%)
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05/12/2017 17:39

[I-bank focus]Deutsche Bank cuts GOME (00493) to HK$0.82

[ET Net News Agency, 5 December 2017] Deutsche Bank lowered its target price for GOME
Retail Holdings (00493) to HK$0.82 from HK$0.85, and maintained its "hold" rating, noting
the shares are fairly valued.
The research house lowered its FY2017-19 net profit forecast by 11%/10%/12% to reflect
weaker results in 3Q and the slower-than-expected GPM improvement from 2017-2019. The
company's back-and-forth strategies also bring further uncertainties, DB noted. (KL)

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