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2009-5-26 08:00:00 a.m. HKT, XFNA
DJ MARKET TALK: Take Profit On Xinyu Hengdeli, Intime, NWDS-Daiwa
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| 0749 [Dow Jones] Recent share price performance of some China consumer sector plays "have run ahead of actual fundamentals," Daiwa says. Keeps Neutral on sector, and recommends investors take profit on Xinyu Hengdeli (3389.HK), Intime (1833.HK) and New World Development Store China (0825.HK), with these stocks up 11.8%-34.0% month-to-date. Notes, strong customer traffic flow during recent visit to a Li Ning (2331.HK) store in Guangzhou, but on-year rise in average selling price of its products for April was limited. Hengdeli ended +7.2% at HK$2.68 yesterday, Intime +0.6% at HK$3.12, NWDS down 0.4% at HK$5.48.(SUT) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
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(Delayed by 1 hour)
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