Bank of America Merrill Lynch to reduce thedevelopment of sea-profit measured target price to 6Bank of America Merrill Lynch report looks at thedevelopment of the ocean police, expected results to yourfirst half loss, weakly demand, production overcapacityand high fuel costs together with other factors.
The line looks at the local coal shipment business still faceissues, expects second-quarter rebound catastrophe, thebank lowered the 2012-14 year the firm net incomeforecast, 2012-14 net gain of 300 million yuan that will 341million yuan 1.484 thousand yuan and 1.855 thousandyuan, supervisor of net income estimate revisions, priceaim for reduced from 7 yuan that will 6 yuan, June e bookratio of 0.7 times historical numbers of 2012 and 2013profit on equity forecast.
Bank of America Merrill Lynch said of the fact that bookratio of 0.thirty seven times historic lows, still not up to thetrough in ’08, a 45% discount so that you can attractivevaluations, maintaining some “buy” rating.(M)
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