Goldman cuts Xiamen Port (HKG:3378) target to $0.92

   Date:2012/05/07

Goldman Sachs has lowered its 2012-2014 EPS forecasts for Xiamen International Port (HKG:3378) by 13.8-15.4% and 12-month target price for the stock to HK$0.92 from HK$1.10 primarily to factor in lower EBIT margins for container handling due to a change in product mix and potential price competition.

The brokerage reiterates its Sell rating for the stock.

 

Source:chinesestock.org

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