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CLSA First Gave BELLE International "Buy" Rating
CLSA issued a research report on Monday, saying it first gave BELLE 1880.HK a "buy" rating with a target price of HK $13.19, an increase of about 25% compared with the current price.
The bank points out that BELLE is the largest and best shoe retailer in the mainland, and the company's high-end positioning, plus a number of brand strategies, is believed to have a good long-term growth and return.
Lyon continues to say that although BELLE has risen sharply since its listing, the company's growth prospects are still not fully reflected in the stock price.
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