China Automation Group 0569
Posted: Tue Jan 19, 2010 10:16 amNot vested.
DJ MARKET TALK: Daiwa Starts China Automation Group At Outperform
0954 [Dow Jones] STOCK CALL: Daiwa starts China Automation Group (0569.HK) at Outperform, sets target at HK$7.30. Notes, company is 1 of only 4 railway interlocking-system providers (market share of about 30%) in China.
Expects country's investment (2009-2012) of about CNY2.8 trillion in railways and metro systems will enable CAG to record high organic-revenue growth for its shareholders over next few years.
Tips revenue CAGR of 37.4% for FY08-FY11. Stock +0.7% at HK$5.90 at pre-open.
Source: Dow Jones Newswire
DJ MARKET TALK: Daiwa Starts China Automation Group At Outperform
0954 [Dow Jones] STOCK CALL: Daiwa starts China Automation Group (0569.HK) at Outperform, sets target at HK$7.30. Notes, company is 1 of only 4 railway interlocking-system providers (market share of about 30%) in China.
Expects country's investment (2009-2012) of about CNY2.8 trillion in railways and metro systems will enable CAG to record high organic-revenue growth for its shareholders over next few years.
Tips revenue CAGR of 37.4% for FY08-FY11. Stock +0.7% at HK$5.90 at pre-open.
Source: Dow Jones Newswire