JU TENG INTERNATIONAL HOLDING LTD(3336.HK):OW(V): ON TRACK TO DELIVER BETTER MARGINS
汇丰银行(中国)有限公司2014-02-13
2H13 earnings likely to be ahead of consensus Positive mix shift to cont inue; metal casing/composite materials to drive margin expansion Reiterate OW(V) with TP of HKD7.5 (from HKD7.0), based on 9x (unchanged) FY14e earnings (from 2H13-1H14 before)