Goldman Sachs has raised Jardine Cycle & Carriage’s (C07.SG) target price to $34.70 from $32.40 after increasing FY10-11 earnings estimates by 1%-3% to factor in Indonesian unit Astra International’s (ASII.JK) 1Q10 performance (net profit +61% on-year at IDR3 trillion ($459 million)).
Jardine C&C raised to $34.70 by Goldman
written by Editor on May 5th, 2010 |
No Comments
Font size:
