[ET Net News Agency, 10 January 2018] Daiwa Research lowered its target price for
AviChina Industry & Technology (02357) to HK$6.3 from HK$6.5, and maintained its "buy"
rating.
The research house said yesterday hosted an investor meeting for AviChina. Daiwa looks
for AviChina's earnings to recover this year, backed by a new model and model upgrades
in the aircraft segment, alongside stable earnings growth for its avionics and optronic
businesses.
The company expects its revenue from the aircraft business to fall slightly in 2017 but
recover in 2018, underpinned by a new helicopter model (planned to be delivered in 2H
2018) and an existing model upgrade (L15 trainer). If the launch of the new helicopter
model is successful, AviChina expects a moderate recovery in 2018 and double-digit revenue
growth for the helicopter business in 2019. (KL)
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02357 AVICHINA
Nominal 
3.110 -0.050 (-1.582%) Others
10/01/2018 11:50
[I-bank focus]Daiwa lowers AviChina (02357) to HK$6.3
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