标题：Weifu High-technology GroupFalling HDT sales drag earnings；in dire need of new growth driver
发布日期：2015-11-02 10:58:38
内容： We cut 2015/16e net profit attributable to shareholders by 13% to Rmb15.81mn/17.64mn, and cut EPS by 12% to Rmb1.57/1.75. In light of the slower earnings growth, we believe the stock price will face pressure from both earnings and valuation. Cut Weifu High-technology-A/-B TPs by 25% to Rmb24/HK$24, implying 15x/12x 2015e P/E. Downgrade both to HOLD.
发布日期：2015-11-02 10:58:38
内容： We cut 2015/16e net profit attributable to shareholders by 13% to Rmb15.81mn/17.64mn, and cut EPS by 12% to Rmb1.57/1.75. In light of the slower earnings growth, we believe the stock price will face pressure from both earnings and valuation. Cut Weifu High-technology-A/-B TPs by 25% to Rmb24/HK$24, implying 15x/12x 2015e P/E. Downgrade both to HOLD.
