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2015 results beat expectations. Objective to be No.1 in the world
报告类型：港股公司研究 页数：4 文件大小：686K 上传时间：2024-09-20
机构：中国银河国际证券 作者：Mark Po Wong Chi Man 99阅读 0收藏 0下载
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2015 results below expectations. Business transformation is on track FY15 results miss on price weakness and higher SG&A; Hold on valuation 2015 results takeaway: Major overhang removed, maintain BUY Online momentum to continue in FY16; maintaining Buy Unexciting business outlook for 2016; Downgrade to HOLD Solid shipment target with stable gross margin this year; po-tential improvement in utilization hours 2015年报点评：新品陶瓷关节带动收入显著增长 2015 results takeaway: challenging year ahead, share price support mainly from rumour about Kelun. Maintain HOLD 2015 results in line with expectations. It takes time to restore confidence 市前速递
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