Goldman Sachs research report published Monday, marginally downwards Kerry (00683.HK) 09 End of the year the net asset value per share forecasts and target price by 1%, respectively, 27.9 to 39.83 Hong Kong dollar and the Hong Kong dollar to maintain its “buy” rating. The bank noted that its performance is expected to win, profit and loss accounts and assets net debt stable form may ease concerns in the marketplace.
Goldman Sachs said Kerry in 2008 core profit of 2.229 billion Hong Kong dollars, down 14 percent year-on-year; if included Champion Industries (02778.HK) to market value of 276 million Hong Kong dollar losses, the company adjusted core profit, compared with 25.05 billion, higher high-sheng’s original estimate of 5%. The Bank believes that, from the contribution of leasing and property in line with expectations, the development of better-than-expected returns; Although the company’s full-year dividend by 26% of the decision, which causes a slight disappointment, but its 4.4 percent interest rate level is still reasonable .