DJ Hangzhou Robam Appliances Set for Fast Profit Growth -- Market Talk
0627 GMT - Hangzhou Robam Appliances' profit growth could accelerate through 2021, thanks to improved cost control and stronger growth in embedded products, Jefferies says. The U.S. bank raises its net profit forecasts for the Chinese manufacturer of home appliances by 6% for 2020 and by 9% for 2021. It maintains a buy call and CNY45.00 target price on shares, which jumped by the 10% trading cap to CNY36.86 in Shenzhen after the company's 3Q profit beat. (martin.mou@wsj.com)
(END) Dow Jones Newswires
October 29, 2020 02:27 ET (06:27 GMT)
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