[ET Net News Agency, 25 June 2018] Credit Suisse lowered its target price for Pacific
Textile (01382) to HK$7.2 from HK$8.3, and retained its "neutral" rating on sub-optimal
client-mix and weak execution.
The research house said Pacific Textile's 2017/18 results are no surprise, as it has
issued a profit alert. The company guided for a 5% ASP increase but flat volume growth for
2018/19.
Toray has also sent some management members to Pacific Textile on client recruitments
including Lululemon and The North Face. In addition, company is developing new fabric with
Toray for sportswear apparels.
Credit Suisse fine-tuned its earnings forecasts for 2018/19. (KL)
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01382 PACIFICTEXTILES
Nominal 
1.500 +0.090 (+6.383%) Others
25/06/2018 17:53
[I-bank focus]CS lowers Pacific Textile (01382) to HK$7.2
| Remark: | Real time quote last updated: 26/04/2024 18:00 |
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