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Citigroup cuts China Sports International target price to $0.50 from $0.95, maintains Buy rating. Reduces FY08, FY09 earnings estimates by 6%, 16% respectively due to downside risks for low-end sportswear spending. Says, low-end segment likely to be worst hit by inflation as rising fuel, food prices hit low-income consumers hardest. Warns falling consumer confidence may hit company's ability to expand sales volume, increase average selling prices.
I saw DL in my poems account... but no announcement... is it delisted?
Got any research report for china Hongxing?
Research Report on China Sports from UOB Kay Hian
http://research.uobkayhian.com/research/content.show.action?filename=2008052817483827701321413.pdf