JU TENG INT'L HOLDINGS (3336.HK) : OW(V): STRONG RESULTS; POSITIVE MARGIN GUIDANCE
汇丰银行(中国)有限公司2014-03-19
2H13 results stronger than expected Positive mix shift to continue into FY14e, driving furthermargin expansion and earnings growth Reiterate OW(V) with TP of HKD8.5 (was TWD7.5), based on10x (was 9x) FY14e earnings