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Denise CHAI: denise.chai@baml.com (852) 2161 7735: Bank of America Merrill Lynch Equity Research: Edward LUI: ed.lui@baml.com (852) 2161 7999: Morgan Stanley
Merrill Lynch analyst Denise Chai warned Li & Fung may have to write down the 60 million euros (HK$656 million) it paid to take over Arcandor's purchasing unit in 2006.
Merrill Lynch analyst Denise Chai, who raised the share's target price to HK$78 from HK$70.9, said: "Management credibility has been restored after the fashion miss, enabling a ...
Denise Chai: Merrill Lynch (Singapore) Pte. Ltd. denise_chai@ml.com: 65-6330 7197: Tina Long: Merrill Lynch (Singapore) Pte. Ltd. tina_long@ml.com: 852-2536 3732
"Due to the fixed-cost nature of the business, earnings visibility is low until the company identifies new hit products," Merrill Lynch analyst Denise Chai wrote in a research note.
Merrill Lynch analyst Denise Chai warned Li & Fung may have to write down the 60 million euros (HK$656 million) it paid to take over Arcandor's purchasing unit in ...
"The worst is over," Merrill Lynch analysts Chen Luo and Denise Chai said in a report yesterday, upgrading the stock to "buy" from "underperform".
"Gome will remain as a leader in China's robust retail market in the foreseeable future," Chen Luo and Denise Chai from Merrill Lynch wrote in a report.
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