Wednesday, February 4, 2015

NEW WORLD DEV upgraded to Buy, target at $12.3 - Deutsche

Technical view using ART system

if you have followed the system and sold off multiple times in the 2013 downtrend, you will have escaped most of the sharp fall as the stock crashed from $14 to $8 over the past 2 years. Now we see the system has changed from orange to green, it indicates the trend is changed from bearish to bullish. Below is a finance news of  NEW WORLD DEV from AAStocks Financial News for your reference.

Deutsche Bank said in the latest research report that NEW WORLD DEV (00017.HK)  has sufficient projects in hand to maintain the selling progress and the financial ability to acquire land reserves at the current low prices which can support strong future earnings and NAV growth. The research house upgraded New World Development's rating to Buy from Hold, with a target price of $12.3 (up from $8.99).
(Quote is delayed for at least 15 mins.Short Selling Data as at 2015-02-03 16:25.)
AAStocks Financial News
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