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2009-7-7 12:33:00 p.m. HKT, XFNA
DJ MARKET TALK: Intime +1.3%; Expected To Test HK$4.50 - Phillip
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| 1226 [Dow Jones] Intime (1833.HK) +1.3% at HK$3.85, extending from 10.1% gain Monday following news it's sold 50% interest in Beijing JV store with Lotte to China Yintai for CNY145 million, as JV still at early stage of development, requires significant capital input, not expected to generate profit in short-term, says Phillip Securities; suggests buying stock at around HK$3.80. "Intime's share price broke above HK$3.75 yesterday, it is expected to test HK$4.50," house says. Stock's year-to-date high at HK$4.00 (hit yesterday).(SUT) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
(Delayed by 1 hour)
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