[ET Net News Agency, 11 November 2013] HSBC Research raised its target price for Yue Yuen (00551) to HK$27 from HK$21.mini storage3, and upgraded the stock to "overweight" from "neutral".The research house expects higher manufacturing volume next year on the back of sales growth from core customers. It believes tha儲存 margin recovery (from 18.8% in 2013 to 20.2% in 2014) should also be on course next year as costs associated with moving production to SE Asia diminish.HSBC raised its 2013-14 EBIT estimates by 17% and 13% on the back of higher expected volume and lower relocation costs in the manufacturing segment. (KL)迷你倉
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