|
[posting]34052116[/posting]Here we are... DJ MARKET TALK: JPM Tips Dore Share Price Under Pressure In S/T May 08, 2008 15:28 1510 [Dow Jones] STOCK CALL: JPMorgan cuts Dore (0628.HK [News / Quote]) target price to HK$1.28 from HK$3.75 to reflect lower EPS forecast, target multiple due to company plans to buy Leading Century, which has 0.04% profit stream from new Wynn junket. 'In short term, we believe the share price will have a lot of pressure as some shareholders may not like the acquisition,' JPM says. Tips stock will only be re-rated if investors begin to think risk of further dilution is diminished, company's cash flow is finally available for dividend payment, rather than held up for further acquisitions. Keeps stock at Overweight. Shares down 1.3% at HK$0.74. (YWM) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com Quelle: DaoHeng Securities http://www.dhsec.com/NewsDetail.asp?storyid=e-20080508dn0033… |
|
| aus der Diskussion: | Dore Holdings - neue Casinoaktie aus Macao |
| Autor (Datum des Eintrages): | Sugar2000 (08.05.08 14:32:01) |
| Beitrag: | 75 von 228 (ID:34055754) |
| Alle Angaben ohne Gewähr © wallstreetONLINE | |