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AviChina is Recommended by Brokers in Their 2016 Top Ten Chooses
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  • Date: 2015-12-28 10:12:11

AviChina is recommended by Goldman Sachs, Deutsche Bank and Communication Bank International in their respective 2016 top ten chooses in Hong Kong stock market.
Deutsche Bank issued its initiating report on AviChina this November, which says AviChina has a defense background, advantages in helicopter, avionics and mechanical electrical systems. It forecasts a compound growth rate of 23% annually, based on AviChina’s organic growth plus expected assets injection. Deutsche Bank initiates with Buy rating and price target of HKD8.40.
Communication Bank International issued its first report this September, and it expects that as Chinese government speeding up reform on SOEs and industrial structure transform under Made in China 2025, AviChina will benefit from more value-added assets injection. Communication Bank International initiates with Buy rating and price target of HKD7.00.
Goldman Sachs forecasts a moderate improvement in listco’s evaluation as long as new achievements in reform and more policies on keeping growth. Goldman Sachs reiterates with Buy rating and price target of HKD8.50.