Three Hot Spot Hong Kong Stock Scan "Anta Sports"

Mo Tong: "overweight" Anta sports Morgan chase published research report, the first Anta sports (02020.HK) into the scope of the study, to "overweight" investment rating, the target price of 10. 4 Hong Kong dollars.

The bank points out that Anta has a competitive advantage in the sporting goods market in the mainland and expects strong growth in the next few years.

Anta is the second largest local sports brand in the mainland. With the increase of dot and gross profit margin, Anta will have strong growth from 2008 to 2010, with a compound annual growth rate of 39%.

The company plans to add 800 stores from 2008 to 2010, concentrating on two or three line cities, and hopes to reduce the discount rate of distributors to 1 percentage points per year in three years, and raise the price of products. It is estimated that Anta's gross margin will rise 0 to 7 to 4 9 percentage points.

HSBC Securities: SOHO China target price HSBC securities issued a study report that the target price of SOHO China (00410.HK) from HK $5. 7, to HK $6. 4, and investment rating from "neutral" to "increase", because it is expected to benefit from the new acquisition of "Chaoyangmen" project, and the group continued to buy in the downturn in the mainland property market.

The bank also pointed out that the "Chaoyangmen" project increased the net asset value of SOHO by 15% to 6. 1 Hong Kong dollars, and it also hoped to boost profits in 2008 by 66% to HK $3 billion, up 57% from 2007.

HSBC points out that even if the relevant acquisition is implemented, the group still has net cash of 10 billion 500 million yuan, and SOHO is expected to continue to purchase in Beijing this year.

Citigroup: to raise Zhejiang's Shanghai Hangzhou Ningbo rating Citigroup, the research report said that the investment rating of Zhejiang's Shanghai Hangzhou Ningbo (00576.HK) was raised from "selling" to "holding", and the target price fell from HK $6 to HK $6 to HK $6.

Citigroup pointed out that since the company's share price has dropped significantly by 22% in the past month, it has raised its investment rating and believes that the company's stock price is at a reasonable level.

The report believes that the core business of the company is facing short-term and long-term pressure, because the Hangzhou Bay Bridge will divert traffic volume of the company's highway.

In addition, Citigroup estimates that the proceeds from the securities business will be affected by market fluctuations.