Friday, March 27, 2015

MENGNIU DAIRY(02319.HK) target lifted to $45 on strong results by C Suisse

Technical view using ART system

Over the past years, Art system have always accurately captured the stock trend,eg:

if you have followed the system to sell off at HK$35 in July 2014,  you will have escaped a big downfall as the stock crashed from 35 to 27 over the past half a year. 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 Mengniu from AAStocks Financial News for your reference.

Credit Suisse said in a report that MENGNIU DAIRY(02319.HK)  's 2014 sales growth of 15% was in line with its estimates. The group's margin improvement in 2014 was primarily due to favorable product mix upgrade, ASP hikes and using milk powder for select products. The broker raised its 2015 and 2016 earnings forecasts for MENGNIU DAIRY by 6%-13% and lifted its target price from $40 to $45, based on 26x P/E. The company's rating was kept unchanged at Outperform.
(Quote is delayed for at least 15 mins.Short Selling Data as at 2015-03-27 16:25.)

AAStocks Financial News
Web Site: