Monday, December 2, 2013

HKSE stock - Luk Fook Holdings Near Support

Luk Fook is probably one of the most trending stocks right now in the market, currently short term is still near support at $28, stoploss can place at $27.50

Latest News: HSBC hiked LUK FOOK HOLD (00590.HK) 2014 turnover forecast by 3% as previous earnings forecast was too low. The broker also raised LUK FOOK HOLD 2014 net profit forecast by 18% on the company's increased profit margin from 18.3% to 20%.

HSBC lifted LUK FOOK HOLD target price from $26.8 to $31.6, representing 11.3x to 2013 P/E forecast. The broker rated Neutral on the company.

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