Goldman Sales downgrades Dao Heng Bank target price to HK$43

Goldman Sales has downgraded  Dao Heng Bank (0223) 2001 FY net profit forecast to HK$1917mln, down 4.5% to HK$2.76 earning per share, 2002 FY net profit forecasted to be HK$2074mln, down 1% with HK$2.98 earning per share. Goldman maintained rating ¡§market performance¡¨, but downgraded the target price 6.52% to HK$43 from HK$46.  

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