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02357 AVICHINA
RTNominal down3.030 -0.060 (-1.942%)
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04/07/2019 10:19

[I-bank focus]Daiwa upgrades AviChina (02357) to HK$5.4

[ET Net News Agency, 4 July 2019] Daiwa Research raised its target price for AviChina
Industry & Technology (02357) to HK$5.4 from HK$5.3 and upgraded its rating to "buy" from
"hold".
The research house said AviChina sees a better outlook for 2019, driven by the sales
recovery in its aircraft segment (helicopter and trainer). It also expects the optronics,
avionics and AVIC planning businesses to remain solid, with 2019 guidance of 15-20%, 10%,
and 10% revenue growth.
Daiwa raised its 2019-21 EPS forecasts by 8-21% on likely stronger sales growth in 2019.
It believes AviChina to be a stock that could potentially benefit from the US-China trade
dispute as the Chinese government would likely accelerate any reform in this area to
remain competitive. (KL)

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