CPIC (02601) swings into 2.6% gain in Bullish Engulfing; brokers said not surprising on profit warning

AAFN - Market Intelligence

2012-07-13 11:42:20

Size

CPIC (02601) expected the interim profit to retreat about 55% year-on-year as investment income plunged and business growth slowed. However, brokers said the profit warning is within expectations. Goldman Sachs, Morgan Stanley, Credit Suisse and Merrill Lynch maintained their targets at $32.51 to $34.

The H-share opened lower by 3% to $24.15, on back of the support by 50MA ($23.9), it reclaimed 10MA($25.4) and 250MA ($25.31), and was last $25.55, up 2.6%, on volume of 6.25 million shares; A-share also swung into 1.7% gain, after seeing the low RMB21.9, and closed the midday at RMB22.79, on volume of 11.74 million shares. (r)

AAStocks Financial News
Fax: 852 2186 8286
Email: newsroom@aastocks.com
Web Site: www.aastocks.com

News Provided by AASTOCKS.com

Hotline:(852) 2186 8685

Email:support@aastocks.com

Sitemap

Back to the Top

AASTOCKS.com

Mainpage

Products

Market

Quotes

Analysis

News & Research

Warrants

CBBCs

MPF

US Stocks

Forex

Funds

Members

About Us

AASTOCKS

China Site

Note: AASTOCKS.com Ltd endeavors to ensure the accuracy and reliability of the information provided but does not guarantee its accuracy or reliability and accepts no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.