Goldman Sachs recommends Hutchison Whampoa

Goldman Sachs has met with management staff recently. Hutchison Whampoa (0013) said they would not carry out active acquisition this year. Owning US$ 14 bln in cash, Hutchison still intended to adopt stable and safety operating guidelines for the market price has not yet lowered to an attractive level. Goldman Sachs put Hutchison in the  list of recommendation and maintained a one-year target price at HK$125.

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