[ET Net News Agency, 15 August 2013] Deutsche Bank raised its target price for Li & Fung (00494) to HK$12.迷你倉新蒲崗3 from HK$11.7, and upgraded the stock to "buy" from "hold".It said Li & Fung's core operating profit (COP) came at the high end of management'sexpectations, and the company maintained its full-year guidance of COP at US$882m.Deutsch迷你倉出租 Bank expects actual performance might beat guidance based on the current order book, LF USA already hitting bottom and the strong performance from LF Europe. The house expects a major recovery in 2014 on margin improvement in the distribution business. It lowered FY2013 EPS by 7% but maintained FY2013/14 net profit broadly unchanged. (KL)儲存倉
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