Credit Suisse Maintains BELLE International (HK) Better Than Big City Rating.
Credit Suisse maintains BELLE international better than big city rating, the target price is HK $12.76.
Comprehensive external power July 3rd reported that Credit Suisse published a report that BELLE International (01880) in the first half of the gross margin fluctuations are pient and within expectations, maintaining the stock is better than the big city rating and target price of HK $12.76.
According to Credit Suisse, BELLE has a stable brand portfolio and a robust distribution channel in the mainland.
The bank pointed out that BELLE's sales growth in the first half of the year was not affected by a series of natural disasters.
As BELLE completes a series of acquisitions, it will further support its internal growth.
Credit Suisse said it is confident that BELLE's regular profit in the 08 years will increase by 38.5% to 2 billion 280 million yuan annually.
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