<ET Net News Agency, 27 July 2011> BOCI lifted its target price for China National
Building Material (CNBM)(03323) to HK$20.7 from HK$17.3, and maintained its "buy" rating.
The firm will announce its interim results in late August, and BOCI expects it to post a
more than 220% YoY increase in 1H earnings. Considering the stronger-than-expected ASP
momentum, the research house revised up its FY11-13 earnings by 15-16%.
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