 |
|
  |
2009-6-30 03:50:00 p.m. HKT, XFNA
DJ MARKET TALK: Vitasoy +1.2%; Immune To Global Fncl Crisis -ICEA
|
| |
| 1544 [Dow Jones] Vitasoy (0345.HK) +1.2% at HK$4.09, bouncing back after stock's 2.9% fall yesterday post-result (FY results released Monday midday); FY09 net profit +3% on-year. ICEA says company "immune to global financial crisis" with over 50% of its sales coming from HK and Macau market; adds these markets have experienced steady sales. But notes valuation unattractive, with stock trading at 18.9X FY09 earnings which is higher vs 5-year average of 17.7X. Says dividend yield of 5.4% not particularly attractive in view of slow earnings growth. House does not rate stock. Stock unlikely to re-test intraday high of HK$4.29. (SUT) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
(Delayed by 1 hour)
-0-
Copyright (c) 2009 Dow Jones & Company, Inc. |
| |
News Provided by XFNA |
| |
|
| Copyright(C) AASTOCKS.com Limited 2000. All rights reserved |
| |
|
|
|
